SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — NetApp Inc. (NTAP) on Thursday reported fiscal fourth-quarter earnings of $340 million.
The San Jose, California-based company said it had net income of $1.65 per share. Earnings, adjusted for one-time gains and costs, came to $1.93 per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.90 per share.
The data storage company posted revenue of $1.73 billion in the period, matching Street forecasts.
For the year, the company reported profit of $1.19 billion, or $5.67 per share. Revenue was reported as $6.57 billion.
For the current quarter ending in July, NetApp expects its per-share earnings to range from $1.48 to $1.58.
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 $7.60 to $7.90 per share, with revenue ranging from $6.63 billion to $6.88 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