QLogic Q2 Profit Flat

(RTTNews) - QLogic Corp. (QLGC) Thursday reported second-quarter net income of $11.0 million or $0.12 per share, compared to $11.0 million or $0.13 per share last year.

Adjusted net income increased 10 percent to $22.0 million or $0.25 per share from $20.0 million or $0.23 per share last year.

Net revenues for the second quarter increased 13 percent to $127.5 million from $112.6 million in the same quarter last year.

Analysts polled by Thomson Reuters expected the company to report profit of $0.22 per share on revenues of $124.44 million for the quarter. Analysts' estimates typically exclude special items.