30.05.2024 22:11:11 - dpa-AFX: NetApp Inc. Q4 Profit Increases, Beats Estimates

SUNNYVALE (dpa-AFX) - NetApp Inc. (NTAP) released a profit for its fourth
quarter that increased from last year and beat the Street estimates.

The company's bottom line came in at $291 million, or $1.37 per share. This
compares with $245 million, or $1.13 per share, in last year's fourth quarter.

Excluding items, NetApp Inc. reported adjusted earnings of $382 million or $1.80
per share for the period.

Analysts on average had expected the company to earn $1.78 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter rose 5.7% to $1.67 billion from $1.58
billion last year.

NetApp Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $291 Mln. vs. $245 Mln. last year.
-EPS (Q4): $1.37 vs. $1.13 last year.
-Revenue (Q4): $1.67 Bln vs. $1.58 Bln last year.

-Guidance:
Next quarter EPS guidance: $1.40 - $1.50


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
NETAPP INC. A0NHKR Frankfurt 116,020 25.06.24 08:01:13 -1,500 -1,28% 0,000 0,000 116,020 116,020

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