LSI Corp. (LSI) reported fourth quarter GAAP net income of $65 million or $0.10 per share, compared to a net loss of $606 million or $0.94 per share in the prior year quarter.
Fourth quarter non-GAAP net income was $124 million or $0.18 per share, compared to $41 million or $0.06 per share in the year-ago quarter.
Revenues increased 5% to $638 million from $610 million in the fourth quarter of 2008.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.11 per share on revenue of $631.54 million for the quarter. Analysts' estimates typically exclude special items.
For the first quarter, the company expects GAAP results between a loss of $0.06 per share and earnings of $0.03 per share. Non-GAAP earnings are expected in the range of $0.04 to $0.10 per share. Revenue is estimated between $590 million and $620 million.
Analysts project earnings of $0.06 per share on revenue of $580.14 million for the first quarter.
Capital spending is projected to be around $15 million in the first quarter and approximately $55 million in total for 2010.
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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.