QLogic Posts Q1 Loss - Quick Facts

(RTTNews) - QLogic Corp. (QLGC) Thursday reported first-quarter loss of $3.1 million or $0.03 per share from continuing operations, compared to profit of $18.4 million or $0.19 per share in the same period last year.

Adjusted earnings from continuing operations totaled $16.4 million or $0.18 per share. On average, 13 analysts polled by Thomson Reuters expected the company to earn $0.14 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues improved to $113.1 million from $130.4 million last year. Analysts expected revenues of $113.70 million.