Costa Mesa-based Emulex Corp. said sales and earnings would be higher than expected for the quarter ending Dec. 31.
The maker of devices that link storage devices said sales would be as high as $91 million in the quarter, up from a previous forecast of $81 million to $85 million.
Net income, meanwhile, is expected to be about $12 million, up from an earlier estimate of $7 million to $8 million.
“During the second quarter, demand strengthened broadly across all major customers and product lines, including HBAs (host bus adapters), embedded storage switches, and ASIC solutions,” said Paul Folino, chairman and chief executive of Emulex.
Smith Barney Citigroup raised its rating on Emulex to “buy” from “hold” after the upbeat outlook.
Shares of Emulex were up 1% to $16.6 midday Thursday.
The company is set to release its full results for the quarter on Jan. 20.
