March 25 (Reuters) - Chipmaker Smart Modular Technologies Inc (SMOD.O) posted quarterly results that blew past expectations, helped by an improving DRAM pricing environment, and forecast a sunny third quarter, sending its shares up 16 percent.

"In the second quarter of fiscal 2010 we saw robust demand for our products and services, driven by improvement in the overall economy and an improved DRAM pricing environment," Chief Executive Iain MacKenzie said in a statement.

Newark, California-based Smart Modular, which makes memory modules and solid state storage products, expects third-quarter adjusted earnings of 18 cents to 22 cents a share, on revenue of $175 million to $185 million.

Analysts were expecting earnings of 8 cents a share, on revenue of $143.8 million, according to Thomson Reuters I/B/E/S.

For the second quarter ended Feb 26, net income was $16.1 million, or 25 cents a share, compared with a net loss of $1.9 million, or 3 cents a share, in the year-ago period. Adjusted earnings were 23 cents a share.

Revenue rose about 47 percent to $160.1 million. For related alerts, double click [ID:nWNAB3770]

Analysts were expecting earnings of 14 cents a share on revenue of $142.5 million.

Shares of the company, whose rivals include Netlist Inc (NLST.O) and Stec Inc (STEC.O), were up 14 percent at $8.15 in extended trading. They closed at $7.16 Thursday on Nasdaq. (Reporting by Sudipto Ganguly in Bangalore; Editing by Jarshad Kakkrakandy)