Brocade Communications Beats Q4 Views
Editor's note: An earlier version of this article cited a rumor that said the company may be on the block. The rumor, in fact, originated in 2011, not 2014. The reference has been removed and the title has been updated to reflect the change.
Brocade Communications Systems, Inc. (NASDAQ: BRCD) beat fourth-quarter earnings expectations on Monday results that were nearly unchanged from a year earlier.
Early in the extended session Monday, Brocade was changing hands at $11.58, down about 1 percent.
The company posted net income of $83.4 million or $0.19, up from $64.2 million, or $0.14 in the year-earlier period. Adjusted income was unchanged at $0.24 per share.
Revenue grew to $564.35 million, from $558.8 million a year earlier.
Analysts expected adjusted earnings of $0.23, on revenue of $562.2 million.
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