LSI Beats on Both Top and Bottom Lines
LSI (NAS: LSI) reported earnings on Jan. 23. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), LSI beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share grew.
Margins grew across the board.
Revenue details
LSI reported revenue of $600.1 million. The 16 analysts polled by S&P Capital IQ foresaw revenue of $590.5 million on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $523.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.18. The 16 earnings estimates compiled by S&P Capital IQ predicted $0.14 per share. GAAP EPS of $0.05 for Q4 were much higher than the prior-year quarter's $0.00 per share. (The prior-year quarter included -$0.02 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 53.6%, 690 basis points better than the prior-year quarter. Operating margin was 6.5%, 330 basis points better than the prior-year quarter. Net margin was 4.8%, 510 basis points better than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $576.2 million. On the bottom line, the average EPS estimate is $0.13.
Next year's average estimate for revenue is $2.49 billion. The average EPS estimate is $0.66.
Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on LSI is outperform, with an average price target of $8.49.
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The article LSI Beats on Both Top and Bottom Lines originally appeared on Fool.com.
Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. TMFDisclosureHere
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