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UPDATE: LSI Posts Q4 Profit

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LSI (NYSE: LSI) posted a profit in the fourth quarter.

LSI posted its quarterly net earnings of $29.1 million, or $0.05 per share. Its adjusted earnings came in at $0.18 per share.

Its revenue rose to $600.13 million, from $523.14 million. However, analysts were expecting a profit of $0.14 per share on sales of $590.5 million.

LSI shares dropped 1.07% to $7.43 in after-hours trading.

Posted-In: profitEarnings News

 

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