Brocade Communications Systems Inc Reveals 20% Fall In Q3 Profit

(RTTNews) - Brocade Communications Systems Inc (BRCD) reported a profit for third quarter that retreated from last year.

The company said its earnings fell to $92.00 million, or $0.21 per share. This was lower than $114.52 million, or $0.27 per share, in last year's third quarter.

Analysts had expected the company to earn $0.16 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 7.0% to $590.72 million. This was up from $551.82 million last year.

Brocade Communications Systems Inc earnings at a glance:

-Earnings (Q3): $92.00 Mln. vs. $114.52 Mln. last year. -Earnings Decline (Y-o-Y): -19.7% -EPS (Q3): $0.21 vs. $0.27 last year. -EPS Decline (Y-o-Y): -22.2% -Analysts Estimate: $0.16 -Revenue (Q3): $590.72 Mln vs. $551.82 Mln last year. -Revenue Change (Y-o-Y): 7.0%