MANHASSET, N.Y. Semiconductor supplier LSI Logic Corp. posted second quarter 2005 net earnings of $25 million, or 6 cents per share on sales of $481 million, compared to $5 million, or 1 cent per share on sales of $450 million the first quarter.
In the year-ago second quarter, the company posted earnings of $7 million, or 2 cents per share on sales of $448 million.
LSI Logic (Milpitas, Calif.) had raised its mid-quarter guidance
, calling for sales of $465 million to $475 million. The company attributed the improved results to strong demand for the company’s storage components and storage systems product offerings.
For the third quarter, LSI expects revenue of $470 million to $500 million, with earnings of 5 to 7 cents per share.