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NetApp Inc. Q4 adjusted earnings Beat Estimates

(RTTNews) - NetApp Inc. (NTAP) released earnings for fourth quarter that decreased from the same period last year.

The company's earnings totaled $196 million, or $0.88 per share. This compares with $396 million, or $1.59 per share, in last year's fourth quarter.

Excluding items, NetApp Inc. reported adjusted earnings of $265 million or $1.19 per share for the period.

Analysts had expected the company to earn $1.15 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 11.9% to $1.40 billion from $1.59 billion last year.
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