Tuesday is turning out to be a pretty auspicious day for Silicon Graphics International Corp (NASDAQ:SGI) shareholders, as the company’s stock is 27% higher due to strong guidance numbers released by the company. For its second quarter of fiscal year 2016, Silicon Graphics now expects EPS of $0.12-to-$0.14 on revenue of $150 million-to-$152 million, easily exceeding its previous forecast of positive non-GAAP earnings and revenue of $140 million. Analysts were expecting $0.03 in EPS and $140.1 million in revenue. The number of hedge funds with holdings in Silicon Graphics International Corp (NASDAQ:SGI) was unchanged quarter-over-quarter at eight as of the end of the third quarter.
Silicon Graphics wasn’t the only company upping up its guidance numbers, as Del Taco Restaurants Inc (NASDAQ:TACO) also raised its fiscal year 2015 revenue guidance to $424 million and its system-wide same-store-sales growth to 6.3%, from the previous $420 million-to-$424 million and 5.5%-to-6%, respectively. Chipotle Mexican Grill, Inc. (NYSE:CMG)’s recent food supplier troubles could be one of the reasons for the better-than-expected growth. Del Taco Restaurants Inc (NASDAQ:TACO) expects fiscal year 2016 revenue of $439 million-to-$449 million and system-wide same-store sales growth of 2.5%-to-4.5%. Its shares have rallied by over 10% in afternoon trading on the news.