LSI Q1 Tops Estimates; Q2 Outlook Strong; Shrs Rise
Shares of storage and network component maker LSI are trading higher after hours Wednesday on better-than-expected results for the first quarter, and strong Q2 guidance. For Q1, LSI posted revenue of $622 million and non-GAAP profits of 20 cents a share, ahead of the Street ??$599.8 million and 14 cents. For Q2, the company sees ...
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