LSI beats views analyst h, shares jump

MILPITAS, California (AP) - LSI Corp., which makes the storage and networking chips, in the second quarter posted results Wednesday that beat the expectations of the analyst, and prospects for the company for the third quarter income was well above the views of Wall Street.LSI shares rose by 12% in extended trade.For the quarter ended July 3, LSI won $ 28 million, or 5 cents per share, from continuing operations. Including a contribution of 265 million dollars in external storage systems company that he sold to NetApp in may, the total net income of LSI totalled 293.8 million dollars, or 48 cents per share, compared to $ 7.4 million, or a penny a share, a year earlier.Excluding non-recurring items, the net income from continuing operations amounted to 10 cents per share. Overall adjusted net income came to 13 cents per share, which is higher than expected analysts surveyed by FactSet 3 cents.Revenue from continuing operations rose 6 percent to 501 million. Analysts expect 482.8 million.The company gave the Outlook for the third quarter of income net to continue the operations of a penny to 11 cents per share, or 11 cents to 17 cents from continuing operations excluding non-recurring items, about $ 535 million to 565 million dollars in revenue when.Analysts are expecting net adjusted to 12 cents per share on $ 511 million.Shares of LSI reaches 75 cents $7.19 extended trade. The stock finished commercial regular down 25 cents, or 3.7%, to $6.44.