SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — NetApp Inc. (NTAP) on Thursday reported fiscal third-quarter profit of $334 million.
The San Jose, California-based company said it had net income of $1.67 per share. Earnings, adjusted for one-time gains and costs, came to $2.12 per share.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.07 per share.
The data storage company posted revenue of $1.71 billion in the period, which also beat Street forecasts. Nine analysts surveyed by Zacks expected $1.69 billion.
For the current quarter ending in April, NetApp expects its per-share earnings to range from $2.21 to $2.31.
The company said it expects revenue in the range of $1.8 billion to $1.95 billion for the fiscal fourth quarter.
NetApp expects full-year earnings in the range of $7.92 to $8.02 per share, with revenue ranging from $6.77 billion to $6.92 billion.
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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