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NetApp Inc. Q2 adjusted earnings Beat Estimates

NetApp Inc. (NTAP) revealed earnings for second quarter that dropped from last year.

The company's profit totaled $137 million, or $0.61 per share. This compares with $243 million, or $1.03 per share, in last year's second quarter.

Excluding items, NetApp Inc. reported adjusted earnings of $236 million or $1.05 per share for the period.

Analysts had expected the company to earn $0.73 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.6% to $1.42 billion from $1.37 billion last year.

NetApp Inc. earnings at a glance:

-Earnings (Q2): $236 Mln. vs. $257 Mln. last year.
-EPS (Q2): $1.05 vs. $1.09 last year.
-Analysts Estimate: $0.73
-Revenue (Q2): $1.42 Bln vs. $1.37 Bln last year.

Next quarter EPS guidance: $0.94 - $1.02
Next quarter revenue guidance: $1.34 - $1.49 Bln

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