EMC Corp.'s (EMC) fourth-quarter GAAP net income attributable to the company climbed to $832.05 million or $0.38 per share from year ago's $628.56 million or $0.29 per share, and non-GAAP net income grew to $1.07 billion or $0.487 per share from $920.08 million or $0.418 per share last year. On average, 36 analysts polled by Thomson Reuters expected earnings per share of $0.46 for the quarter. Analysts' estimates typically exclude one-time items.
Quarterly consolidated revenue was $5.6 billion, an increase of 14% compared with $4.89 billion in the earlier year quarter, while 34 analysts estimated revenues of $5.49 billion for the quarter.
For 2012, the company anticipates consolidated GAAP net income attributable to EMC to be $2.7 billion and non-GAAP net income to be $3.7 billion, with GAAP earnings per share expected to be $1.24 and non-GAAP earnings per share to be $1.70, while 38 analysts project earnings of $1.71 per share for 2012. Further, EMC said it expects to repurchase $700 million of its common stock in 2012.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.