Rochester, NY 8/18/2009 8:19:58 AM
LSI Corporation, LSI , LSI Market Loss for the Second Quarter Widens But It Still Beats Analysts' Expectations
LSI Corporation
LSI Corporation, which designs, develops and markets semiconductors and storage systems, recently posted its second quarter as it booked charges for acquisitions and restructuring, but the results beats Wall Street expectations.
Last Thursday, the technology firm said that its loss for the three months ended July 5 hit $61 million, or 9 cents per share, as compared to $14 million, or 2 cents per share market gain during the same quarter a year ago. On an adjusted basis, the company said it earned a penny per share in the latest period.
Precisely the Euro could still create a center of attention selling pressure. The current two-day rally has not taken out any significant tops to signal strong buying. The charts indicate that this market has completed a technical retracement.
http://WhisperFromWallStreet.com offers free daily stock alerts on companies ready to run. Scroll to the bottom of this page to signup for free stock alerts and visit our site.
WhisperFromWallStreet.com has a dedicated team uncovering stocks ready to break and run. We apply time tested criteria and when one of these stocks meets or exceeds our benchmarks, our subscribers are immediately notified directly to their in-box.
This is a free service available only to our subscribers. Scroll to the bottom of this page to signup for free stock alerts and visit our site.
During 2009 our alerts have resulted in an average price gain of 80%+.
Disclaimer: Full disclaimer at http://WhisperFromWallStreet.com/disclaimer.php
IMPORTANT: Never invest in any stock featured in any press release, email or website unless you can afford the loss of your entire investment. Stocks and particularly penny stocks have the possibility for dramatic gains, and also losses. Neither StockEinstein, nor any of its affiliates are registered investment advisors or broker dealers.
