Emulex Q2 Profit Beats Estimates - Quick Facts

(RTTNews) - Emulex Corporation (ELX) reported a second-quarter net loss of $4.03 million or $0.05 per share, compared to profit of $5.58 million or $0.06 per share, prior year. Non-GAAP net income was $18.35 million or $0.21 per share, for the quarter.

On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $0.17 for the quarter. Analysts' estimates typically exclude special items.

Net revenues were $123.00 million, compared to $122.14 million, last year. Analysts expected revenue of $120.57 million for the quarter.

For the third quarter, Emulex expects total net revenues in the range of $110 million-$114 million. The company expects non-GAAP earnings per share of $0.14-$0.17. Analysts expect the company to report third-quarter profit per share of $0.16 on revenue of $114.32 million.