SAN FRANCISCO (Thomson Financial) - NetApp Inc. late Wednesday reported
fiscal fourth-quarter adjusted earnings of $131 million, or 38 cents a share,
above the 36-cent mean estimate of analysts polled by Thomson Reuters.
In the comparable period last year, the company's adjusted profit was $114
million, or 30 cents a share.
On a net basis, the profit was $89.8 million, or 26 cents a share, versus
$89.6 million, or 23 cents a share, last year.
Revenue rose 17% in the quarter ended April 25 to $937.7 million, matching
the consensus Wall Street estimate.
The Sunnyvale, Calif.-based provider of enterprise network storage and data
management products forecast fiscal first-quarter net earnings of 9 cents to 13
cents a share, or adjusted earnings of 20 cents to 23 cents a share, on revenue
of $845 million to $875 million.
Analysts are looking for earnings of 27 cents a share on revenue of $871
million.
NetApp also reaffirmed its full fiscal year net earnings forecast of 92
cents to 98 cents a share, or an adjusted $1.40 to $1.46 a share, on revenue of
$3.79 billion to $3.95 billion.
Wall Street expects a per-share profit of $1.43 on revenue of $3.88 billion.
The company's shares closed at $25.79.
Gabriel Madway
gm
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