LSI Corp. Q4 Adj. EPS Tops View - Quick Facts

(RTTNews) - Semiconductor company LSI Corp. (LSI) Wednesday reported fourth-quarter net income of $45.0 million or $0.08 per share, compared to $22.7 million or $0.04 per share in the comparable quarter last year.

Adjusted net income for the quarter was $112.7 million, or $0.20 per share, up from $101.2 million, or $0.18 per share in the prior year period. Analyst polled by Thomson Reuters expected earnings of $0.16 per share for the quarter. Analysts' estimates typically exclude one-time items.

Revenues for the quarter rose to $605.07 million from $600.13 million a year ago, while 14 analysts estimated revenues of $600.86 million for the quarter.