NetApp, Inc. (NTAP) Tuesday reported fourth-quarter profit of $174 million, down from $181 million in the same period a year ago. On a per-share basis, earnings were $0.47, flat with last year.
Adjusted earnings for the quarter was $253 million or $0.69 per share. On average, 34 analysts polled by Thomson Reuters expected the company to earn $0.68 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues improved to $1.72 billion from $1.70 billion last year. Analysts expecetd revenues of $1.76 billion.
Looking ahead, The company anticipates a first-quarter profit in the range of $0.13 to $0.18 per share, with adjusted earnings ranging between $0.45 and $0.50 per share.
Operating expenses increased to $827.8 million from $773.6 million last year.
Revenues are projected in the range of $1.475 billion to $1.575 billion. Analysts currently expect the company to report first-quarter earnings of $2.28 per share on revenues of $6.37 billion.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.