On Air Now

Upcoming Shows

Program Schedule »

Tune in to Listen

650 AM Hibbing, Minnesota

Weather

Current Conditions(Hibbing,MN 55746)

More Weather »
38° Feels Like: 30°
Wind: NE 12 mph Past 24 hrs - Precip: 0.07”
Current Radar for Zip

Today

Rain 38°

Tonight

Rain/Snow 31°

Tomorrow

Rain/Snow 46°

Alerts

Chipmaker LSI's revenue misses estimate

(Reuters) - LSI Corp reported lower-than-expected revenue for the third quarter as demand for its storage chips fell, sending its shares down about 5 percent in extended trading.

Revenue dropped about 3 percent to $607 million, missing the average market estimate of $611.4 million, according to Thomson Reuters I/B/E/S.

Net income slid to $36.5 million, or 6 cents per share, from $40 million, or 7 cents per share, a year earlier.

On an ajusted basis, the company earned 17 cents per share.

LSI's chips are used in storage devices such as hard disks and flash drives.

(Reporting by Aditi Shrivastava in Bangalore; Editing by Don Sebastian)

Comments