QLogic Revenues Rise; EPS In Line

QLogic ( QLGC), the manufacturer of equipment used in data storage networking, reported a rise in quarterly profit and revenue.

For the fiscal fourth quarter ended March 28, QLogic reported a profit of $32.9 million, or 34 cents a share, compared with a year-ago profit of $29.9 million, or 31 cents a share. Revenue rose 6% to $128.3 million, the company said Tuesday.

The Aliso Viejo, Calif.-based company said earnings in the quarter, adjusting for certain items, would have been $34.7 million, or 36 cents a share. Those results matched Wall Street consensus, according to Thomson First Call.

QLogic shares rose 38 cents, or 1.4 %, to $26.69. In after-hours trading, shares were recently down 39 cents, or 1.5%, to $26.30.

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