Emulex Confirms Q4 Earnings Outlook, Promotes Jeffrey Benck To CEO

(RTTNews) - Emulex Corp. (ELX) Monday said it expects to report fourth-quarter adjusted earnings in the range of $0.11 to $0.13 per share, in-line with the May guidance.

Revenues are projected in the range of $119 million to $120 million, compared to the previous guidance range of $118 million to $122 million.

The Board of Emulex has promoted Jeffrey Benck to Chief Executive Officer of the company, effective immediately. Benck replaces James McCluney who has been named executive chairman of the board.

Benck joined Emulex as COO, and was promoted to president in 2010. He previously served as president and COO at Qlogic, prior to which he spent 18 years at IBM, serving as VP of xSeries, BladeCenter and Retail Store Solutions development.