QLogic Q3 Profit Rises - Quick Facts

(RTTNews) - QLogic Corp. (QLGC) Wednesday reported third-quarter net income of $20.6 million or $0.24 per share, compared to $13.2 million or $0.14 per share in the same period last year.

Adjusted earnings from continuing operations totaled $25.6 million or $0.29 per share, up from $18.3 million or $0.20 per share in the prior year quarter. On average, 15 analysts polled by Thomson Reuters expected the company to earn $0.24 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues improved to $119.45 million from $119.39 million last year. Analysts expected revenues of $117.57 million.