LSI Narrows Loss (Update)
- Loading Comments...
(Editor's Note: Come see Alexei Oreskovic at the Money Show in San Francisco. Alexei will be speaking to attendees on Friday, August 8 at 6 p.m. His seminar is titled: "Chip Shots: How to Play with Volatile Semiconductor Stocks.")
SAN FRANCISCO -- LSI(LSI Quote) narrowed its losses in the second quarter, as strong demand for the company's networking chips and storage systems pushed its sales and profit above Wall Street expectations.
"Our business has demonstrated resilience through recent market uncertainty, and we expect this to continue as the positive effects of seasonal buying patterns materialize in the second half," said CEO Abhi Talwalkar in a statement.
Shares of LSI jumped 10.9%, or 75 cents, to $7.60 in extended trading Wednesday. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
|
|
DOWN
154.48
|
DOWN
19.14
|
DOWN
37.61
|
DOWN
0.48
|
10 Yr
3.23%
SPDR Gold
115.06
|
|
-1.48%
|
-1.72%
|
-1.73%
|
-1.46%
|
Data delayed 20 minutes |
Connect with TheStreet