QLogic Corp. Bottom Line Rises 1% In Q4

(RTTNews) - QLogic Corp. (QLGC) revealed a profit for its fourth quarter that rose from last year.

The company said its bottom line came in at $25.21 million, or $0.30 per share. This was up from $24.85 million, or $0.28 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.25 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 10.2% to $119.42 million. This was down from $133.04 million last year.

QLogic Corp. earnings at a glance:

-Earnings (Q4): $25.21 Mln. vs. $24.85 Mln. last year. -Earnings Growth (Y-o-Y): 1.4% -EPS (Q4): $0.30 vs. $0.28 last year. -EPS Growth (Y-o-Y): 7.1% -Analysts Estimate: $0.25 -Revenue (Q4): $119.42 Mln vs. $133.04 Mln last year. -Revenue Change (Y-o-Y): -10.2%

-Guidance: Next quarter EPS guidance: $0.23 - $0.27 Next quarter revenue guidance: $112 - $118 Mln