Brocade Falls After Earnings Report
Brocade Communications (BRCD ) shares fell Thursday after the company posted 57 cents, vs. 6 cents, second-quarter earnings per share (GAAP) despite a 3% net revenue decline. The company posted breakeven, vs. 6 cents EPS, excluding items. S&P reiterated its avoid ranking, while Merrill Lynch cut its estimates and reiterated a neutral rating.
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