LSI Logic's Q1 profits fall 89.2%, projects loss for Q2
News & Analysis 4/24/2001 Post a comment
MILPITAS, Calif. -- LSI Logic Corp. today reported sales of $517 million in its first quarter ended March 31, a 16% decline from the like period a year ago and a 31% drop sequentially.
Net income, before amortization of goodwill and other special items, was $9.5 million, or 3 cents a share, compared to $116 million, or 34 cents a share, a year ago. The company was expected to earn 3-to-4 cents a share, according to First Call/Thomson Financial.