Reuters: Hot Stocks: Fusion-io forecasts third-quarter sales below estimates

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Fusion-io forecasts third-quarter sales below estimates Jan 30th 2013, 21:15 Wed Jan 30, 2013 4:15pm EST Jan 30 (Reuters) - Storage drive maker Fusion-io Inc forecast third-quarter revenue below analysts' estimates, sending its shares down about 20 percent after the bell. Fusion-io expects third-quarter sales of about $80 million. Analysts were expecting revenue of $137.2 million, according to Thomson Reuters I/B/E/S. Shares of the company closed at $20.09 on the New York Stock Exchange on Wednesday. (Reporting by Chandni Doulatramani in Bangalore; Editing by Supriya Kurane)

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