Emulex Corp. (ELX) reported second quarter non-GAAP net income of $0.26 per share after the bell Thursday, compared to $0.15 per share in the prior year. The consensus estimate was for EPS of $0.22. Third quarter non-GAAP EPS is expected to be between $0.17 and $0.19, compared to the consensus estimate of $0.15.
Emulex gapped open higher Friday and climbed during the first half hour of trade. The stock rose further around midday and finished up by 1.39 at $10.66 on the highest volume of the year. Emulex has been gaining ground for the past month and closed at nearly a 10-month high.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.