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 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.