Emulex third-quarter forecast misses Wall Street estimates

Thu Jan 31, 2013 4:35pm EST

Jan 31 (Reuters) - Storage equipment maker Emulex Corp forecast third-quarter results that fell short of analysts' estimates, sending its shares down about 6 percent in trading after the bell.

Emulex said it expects third-quarter adjusted earnings of between 12 cents and 14 cents per share on revenue of $110 million to $114 million.

Analysts were looking for adjusted earnings of 16 cents per share on revenue of $117.5 million, according to Thomson Reuters I/B/E/S.

Emulex shares were at $7.20 in extended trading after closing at $7.64 on the New York Stock Exchange on Thursday.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.