NetApp Inc. Q4 Profit Falls 22%

(RTTNews) - NetApp Inc. (NTAP) released earnings for fourth quarter that declined from last year.

The company said its earnings totaled $157 million, or $0.55 per share. This was lower than $202 million, or $0.65 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.58 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 10.4% to $1.38 billion. This was down from $1.54 billion last year.

NetApp Inc. earnings at a glance:

-Earnings (Q4): $157 Mln. vs. $202 Mln. last year. -Earnings Decline (Y-o-Y): -22.3% -EPS (Q4): $0.55 vs. $0.65 last year. -EPS Decline (Y-o-Y): -15.4% -Analysts Estimate: $0.58 -Revenue (Q4): $1.38 Bln vs. $1.54 Bln last year. -Revenue Change (Y-o-Y): -10.4%

-Guidance: Next quarter EPS guidance: $0.34 - $0.39 Next quarter revenue guidance: $1.20 - $1.35 Bln