UPDATE: LSI Posts Q4 Profit
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.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.