Brocade Sees Matching Next Quarter's Estimates

Brocade ( BRCD) matched analysts' first-quarter consensus earnings estimate, while posting stronger-than-expected sales, and the networking storage outfit said it was comfortable with Wall Street's forecast for the next fiscal quarter.

For the first quarter ended Jan. 26, the company earned 5 cents a share, meeting estimates. Revenue totaled $123.1 million, while analysts were expecting $118.8 million. In the year-ago quarter, the company earned 13 cents a share with a top line of $165 million.

Analysts, according to First Call, expect the company to earn 6 cents a share on revenue of $127.9 million in the second quarter.

In Instinet extended trading after the close, Brocade was the volume leader, trading down 4.8% to $33.51.

More from Technology

Amazon, Microsoft and Google Face Backlash over ICE, Military Deals

Amazon, Microsoft and Google Face Backlash over ICE, Military Deals

As Intel Loses Its CEO, How Well Can It Compete Against Nvidia?

As Intel Loses Its CEO, How Well Can It Compete Against Nvidia?

3 Great Stock Market Sectors Millennials Should Invest In

3 Great Stock Market Sectors Millennials Should Invest In

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

3 Must Reads on the Market From TheStreet's Top Columnists

3 Must Reads on the Market From TheStreet's Top Columnists