NetApp: Fiscal Q4 Earnings Snapshot

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 ( using data from Zacks Investment Research. Access a Zacks stock report on NTAP at

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