Brocade Communications Systems Inc Profit Falls 51% In Q2

(RTTNews) - Brocade Communications Systems Inc (BRCD) announced earnings for second quarter that fell from last year.

The company said its earnings totaled $43.19 million, or $0.11 per share. This was lower than $88.89 million, or $0.22 per share, in last year's second quarter.

Analysts had expected the company to earn $0.20 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 5.6% to $552.75 million. This was up from $523.31 million last year.

Brocade Communications Systems Inc earnings at a glance:

-Earnings (Q2): $43.19 Mln. vs. $88.89 Mln. last year. -Earnings Decline (Y-o-Y): -51.4% -EPS (Q2): $0.11 vs. $0.22 last year. -EPS Decline (Y-o-Y): -50.0% -Analysts Estimate: $0.20 -Revenue (Q2): $552.75 Mln vs. $523.31 Mln last year. -Revenue Change (Y-o-Y): 5.6%