SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — NetApp Inc. (NTAP) on Thursday reported fiscal fourth-quarter profit of $291 million.
The San Jose, California-based company said it had net income of $1.37 per share. Earnings, adjusted for one-time gains and costs, were $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, beating Street forecasts. Eight analysts surveyed by Zacks expected $1.66 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.
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