Loss Down, Vixel Up 3.3%

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Vixel

(VIXL)

climbed 3.3% in early trading.

After Tuesday's close, the maker of switches for storage networks posted a fourth-quarter loss of 18 cents ashare, ahead of the Street's estimate of a 28 cent loss and the year-earlier 20 cent loss.

Vixel also beat analysts' revenue projections.

The company also announced a deal with China's

Sobey Electronics

, a multimedia supplier.