Brocade Q4 Profit Up - Quick Facts

(RTTNews) - Brocade (BRCD) Monday reported fourth-quarter earnings of $64 million or $0.14 per share, up from $54 million or $0.11 per share in the same period last year.

Adjusted earnings for the quarter was $109 million or $0.24 per share. On average, 25 analysts polled by Thomson Reuters expected the company to earn $0.18 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues dropped to $559 million from $578 million last year. Analysts expected revenues of $554.50 million.

Gross margin improved to 64.9 percent from 62.4 percent last year.