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Emulex (ELX +13.1%) surges after reporting FQ1 revenue of $118.4M (+15% Y/Y) and EPS of $0.13,...

Emulex (ELX +13.1%) surges after reporting FQ1 revenue of $118.4M (+15% Y/Y) and EPS of $0.13, beating consensus by $2.8M and $0.02. The storage adapter card vendor expects FQ2 revenue of $121M-$127M and EPS of $0.17-$0.20, largely above a consensus of $122.2M and $0.16. Archrival QLogic (QLGC +2.4%) is up more modestly after delivering in-line results.
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