Emulex Loss Narrows as Product Sales Rise

Emulex Corp., a maker of computer circuit cards, had a smaller fourth-quarter loss as new products helped boost sales 20%.

The Costa Mesa company’s net loss narrowed to $11.4 million, or 14 cents a share, from $31.3 million, or 38 cents, a year ago, as sales grew 20% to $70.2 million.

Emulex customers such as EMC Corp., the world’s largest maker of computer data-storage systems, and IBM Corp. have said demand for their products is rising slightly as the economy recovers.

Emulex shares rose $1.26 to $23.61 on the New York Stock Exchange before the results were released.