Brocade Q2 Profit Tops Estimate; Revenue Misses

(RTTNews) - Brocade Communications Systems, Inc. (BRCD) reported net income for the second quarter of $77.0 million or $0.18 per share, compared to a net loss of $13.7 million or $0.03 per share for the year-ago quarter.

Excluding items, adjusted earnings for the second quarter were $0.22 per share, compared to $0.19 per share in the prior year quarter.

Net revenue for the second quarter rose 2% to $546.58 million from $536.91 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.20 per share on revenue of $551.33 million for the second quarter. Analysts' estimates typically exclude special items.