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NetApp Inc. Q1 adjusted earnings of $1.04 per share

NetApp Inc. (NTAP) announced earnings for its first quarter that climbed from last year.

The company's bottom line totaled $283 million, or $1.05 per share. This compares with $131 million, or $0.47 per share, in last year's first quarter.

Excluding items, NetApp Inc. reported adjusted earnings of $281 million or $1.04 per share for the period.

The company's revenue for the quarter rose 11.4% to $1.47 billion from $1.32 billion last year.

NetApp Inc. earnings at a glance:

-Earnings (Q1): $281 Mln. vs. $166 Mln. last year.
-EPS (Q1): $1.04 vs. $0.60 last year.
-Revenue (Q1): $1.47 Bln vs. $1.32 Bln last year.

-Guidance:
Next quarter EPS guidance: $0.94 - $1.00
Next quarter revenue guidance: $1.450 - $1.550 Bln

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