LSI (LSI) provided guidance for first quarter revenue to fall between $590 million and $620 million with non-GAAP net income between 4 and 10 cents per share.
The market doesn't seem to like the outlook, as shares are currently trading down 10%.
Motorola (MOT) is projecting a first quarter 2010 loss of $0.01 to $0.03 per share. This outlook excludes charges associated with items of the variety typically highlighted by the company in its quarterly earnings releases. This outlook includes expenses related to non-cash amortization of intangibles and stock-based compensation expense of approximately $0.04 per share.
Motorola shares are down over 10.25% today.
Kirby Corp (NYSE:KEX) was downgraded by Stifel Nicolaus after posting EPS of 54 cents per share. Revenue was down 20%.
Shares of Kirby are down over 8.25%.
For fiscal 2010, Tetra Tech (NASDAQ:TTEK) is lowering its guidance, and expects diluted EPS to be $1.08 to $1.18 per share. Revenue, net of subcontractor costs, for fiscal 2010 is now expected to range from $1.4 billion to $1.5 billion.
On the lower outlook, shares are down over 20%.
Qualcomm (NASDAQ:QCOM) provided an outlook and sales for 2010 were cut to between $10.4 billion and $11 billion, versus their previous range of $10.5 billion to $11.3 billion.
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