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Los Angelas, CA -- (SBWIRE) -- 01/24/2013 -- LSI Corp (NASDAQ:LSI) shares gained 2.88% to $7.51 after the company reported fourth-quarter net income of $29.09 million or $0.05 per share, as compared to a loss of $1.79 million or break even per share in the same quarter last year. Fourth quarter 2012 GAAP income from continuing operations was $29 million or $0.05 per diluted share. Fourth quarter 2012 non-GAAP income from continuing operations was $101 million or $0.18 per share. Fourth quarter 2012 revenues from continuing operations were $600 million, compared to $523 million generated from continuing operations in the fourth quarter of 2011. Analysts expected the company to report earnings of $0.14 per share on revenues of $590.53 million for the quarter.
Where Is LSI Corp Headed Exactly After Achieving This Milestone? Find Out Here
SanDisk Corp (NASDAQ:SNDK) trounced estimates for the fourth quarter with profit of $1.05 per share compared to estimates of $0.76. But the memory chipmaker's shares are coming under pressure because of a disappointing revenue outlook, driven by falling prices. SanDisk Corporation designs, develops and manufactures data storage solutions in a range of form factors using its flash memory, controller and firmware technologies.
Will New Regulations Weigh over SNDK Revenue Stream? Find Out Here
Qihoo 360 Technology Co Ltd (NYSE:QIHU) shares gained 2.71% to $32.63 in the last trading session after Zacks upgraded shares of Qihoo from a neutral rating to an outperform rating in a research note released yesterday. They currently have $33.50 price target on the stock. Additionally, analysts at Jefferies Group set a $38.00 price target on shares of Qihoo 360 Technology in a research note to investors on January 18. They now have a buy rating on the stock.
Is QIHU Showing Any Sign of Buy At The Current Market Price? Find Out Here
Janus Capital Group (NYSE:JNS) posted its quarterly earnings results on Thursday. The company reported $0.17 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.14 by $0.03. The company had revenue of $216.60 million for the quarter, compared to the consensus estimate of $213.75 million. During the same quarter in the previous year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was up .5% on a year-over-year basis.
Is JNS A Buy Or Sell At These Levels? Find Out Here
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