Brocade Jumps 5% on Q1 Results

Shares of Brocade Communications

are trading roughly 5% higher in Thursday's after hours trading session after the company reported better than expected Q1 earnings results. On an earnings per share basis, BRCD reported income of $0.20, which compares to analysts' consensus EPS estimates of $0.13. Revenues for the quarter were $561.00 million versus Wall Street consensus estimates of $542.36 million. In the after hours trading session, BRCD shares have added 5.27% to $5.79.