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Emulex Corp Issues Q2 2014 Guidance In Line With Analysts' Estimates


Wednesday, 30 Oct 2013 04:15pm EDT 

Emulex Corp announced that for the second quarter of 2014, Emulex is forecasting total net revenues in the range of $118-$124 million. The Company expects non-GAAP earnings per diluted share (EPS) of $0.15 - $0.17 in the second quarter. GAAP estimates for the second quarter reflect approximately $0.16 per diluted share in expected charges arising primarily from amortization of intangibles, stock-based compensation, and the royalties, mitigation expenses and license fees associated with the Broadcom patent litigation, as well as the associated tax effects and the impact of the Company's U.S. GAAP tax valuation allowance. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $120 million and EPS of $0.15 for the second quarter of 2014. 

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