4:07PM Lam Research announces planned departure of CFO ( LRCX) 40.10 +0.02 : Co announces that after more than 15 years with Lam, CFO Ernie Maddock will be leaving the company in mid-April. The co has an active search for a successor and consistent with prior planned executive transitions at Lam, Maddock will remain CFO until a successor is in place.
4:12PM LSI Logic beats by $0.04, beats on revs; guides Q1 EPS in-line, revs below consensus ( LSI) 7.51 +0.21 : Reports Q4 (Dec) earnings of $0.18 per share, excluding non-recurring items, $0.04 better than the Capital IQ Consensus Estimate of $0.14; revenues rose 14.7% year/year to $600.1 mln vs the $590.54 mln consensus. Co issues in-line EPS guidance for Q1, sees EPS of $0.09-0.15, excluding non-recurring items, vs. $0.13 Capital IQ Consensus Estimate; sees Q1 revs of $535-575 mln vs. $576.24 mln Capital IQ Consensus Estimate.
4:12PM F5 Networks misses by $0.01, reports revs in-line; guides Q2 EPS above consensus, revs in-line ( FFIV) : Reports Q1 (Dec) earnings of $1.14 per share, $0.01 worse than the Capital IQ Consensus Estimate of $1.15; revenues rose 13.4% year/year to $365.5 mln vs the $366.73 mln consensus. Co issues mixed guidance for Q2, sees EPS of $1.21-1.24 vs. $1.20 Capital IQ Consensus Estimate; sees Q2 revs of $370-380 mln vs. $379.56 mln Capital IQ Consensus Estimate.
"During the first quarter, strong sales to North American enterprises and service providers were offset by a substantial slowdown in U.S. Federal sales. Japan sales were also weak during the quarter, in contrast to continuing strength in Europe and solid year-over-year growth in the rest of the Asia-Pacific region..."
4:08PM SanDisk beats by $0.30, reports revs in-line ( SNDK) 47.65 -0.30 : Reports Q4 (Dec) earnings of $1.05 per share, excluding non-recurring items, $0.30 better than the Capital IQ Consensus Estimate of $0.75; revenues fell 2.2% year/year to $1.54 bln vs the $1.53 bln consensus.
"SanDisk ended 2012 with strong momentum in our SSD business, which contributed 10% of our Q4 revenue. We are now supplying client SSDs to ten leading PC OEMs and our enterprise SSDs are qualified at a fourth storage OEM. We drove solid sequential growth in our embedded mobile products and continued to execute well in our retail business. We believe that our broadening customer engagements and expanding product portfolio position us well for strong profitability in 2013." (stock is halted) |
