NetApp Q4 Profit Up - Quick Facts

(RTTNews) - NetApp, Inc. (NTAP) Wednesday reported fourth-quarter profit of $197 million or $0.59 per share, up from $174 million or $0.47 per share in the same period last year.

Adjusted earnings for the quarter were $284 million or $0.84 per share. On average, 36 analysts polled by Thomson Reuters expected the company to earn $0.79 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues decreased to $1.649 billion from $1.72 billion last year. Analysts expected revenues of $1.67 billion.

Looking ahead to the first quarter, the company has forecast earnings in the range of $0.32 to $0.37 per share, with adjusted earnings in the order of $0.53 to $0.58 per share.

Revenues are expected to range between $1.420 billion and $1.520 billion. Analysts currently expect the company to report first-quarter earnings of $0.62 per share on revenues of $1.52 billion.