Shares of chip maker LSI (LSI) are up 15 cents, or 2.5%, at $6.20 in late trading after the company this afternoon reported Q2 revenue and earnings per share that topped consensus estimates.
Revenue in the three months ended in June rose 32%, year over year, and 6%, quarter over quarter, to $660 million, yielding EPS of 21 cents.
Analysts on average had been expecting $644 million and 17 cents.
CEO Abhi Talwalkar said the company was pleased with the results.
For the current quarter, the company sees revenue in a range of $620 million to $660 million, and EPS of 14 cents to 20� cents. That is below the average estimate for $657 million and 18 cents.
The company ended the quarter with $601 million in cash and investments.
LSI management will host a conference call with investors at 5 pm, Eastern time, and you can catch the webcast of it here.
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