Benzinga’s News Roundup (LSI, ALU, PFE, GRMN)

LSI Corporation (NYSE: LSI) reported today that it expects its first-quarter results to be between a loss of $0.03 per share and earnings of $0.04 per share, with revenue of $620 million to $640 million. Analysts expect LSI to report earnings of $0.07 per share and revenue of $603 million. LSI Corporation increased 2.92% to $5.99 in the pre-market session. The 52-week trading range for LSI is $2.90 - $6.23. In the last year, LSI has surged over 85%.

Alcatel-Lucent (ADR) (NYSE: ALU) was downgraded today by Goldman Sachs from Buy to Neutral. Alcatel-Lucent decreased 0.87% to $3.42 in the pre-market session. The 52-week trading range for ALU is $1.57 - $4.95. ALU closed at $3.45 in the last trading session. In the last year, ALU has gained over 121%.

Pfizer Inc. (NYSE: PFE) will place an offer today, March 17, 2010, in the final round of bids for German drug maker Ratiopharm, Reuters reported, citing a person briefed on the issue. Pfizer increased 0.52% to $17.35 in the pre-market session. The 52-week trading range for PFE is $12.75 - $20.36. PFE closed at $17.26 in the previous trading session.

Garmin Ltd. (NASDAQ: GRMN) announced today that for fiscal 2010, it expects revenue to be in the range of $2.9 billion - $3.1 billion and earnings per share (Pro Forma) to be in the range of $2.75 - $3.15. Analysts were expecting GRMN to report revenue of $2.8 billion and EPS of $2.64 for fiscal 2010. Garmin closed at $35.30 in the pre-market session. The 52-week trading range for GRMN is $19.07 - $39.65. In the last year, GRMN has surged over 78%.