LSI rises 20.8% after reporting Q2 revenue of $659.6M and EPS of $0.21, beating Street estimates...

|About: LSI Corp. (LSI-OLD)|By:, SA News Editor
LSI rises 20.8% after reporting Q2 revenue of $659.6M and EPS of $0.21, beating Street estimates by $15.8M and $0.04. Q3 guidance (revenue of $620M-$660M and EPS of $0.14-$0.20 vs. consensus of $657.4M and $0.18) is nothing special, but as with many other chipmakers, expectations have been low. LSI is also getting a lift from customer Western Digital's strong results and guidance, and from upgrades from CLSA and Credit Agricole. Rival MRVL +3.8%. (transcript)