SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — NetApp Inc. (NTAP) on Thursday reported fiscal fourth-quarter net income of $291 million.
The San Jose, California-based company said it had profit of $1.37 per share. Earnings, adjusted for one-time gains and costs, came to $1.80 per share.
The results met Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was also for earnings of $1.80 per share.
The data storage company posted revenue of $1.67 billion in the period, which topped Street forecasts. Eight analysts surveyed by Zacks expected $1.66 billion.
For the year, the company reported profit of $986 million, or $4.63 per share. Revenue was reported as $6.27 billion.
For the current quarter ending in July, NetApp expects its per-share earnings to range from $1.40 to $1.50.
The company said it expects revenue in the range of $1.46 billion to $1.61 billion for the fiscal first quarter.
NetApp expects full-year earnings in the range of $6.80 to $7 per share, with revenue ranging from $6.45 billion to $6.65 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NTAP at https://www.zacks.com/ap/NTAP
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
