NetApp Inc. Bottom Line Retreats 20% In Q2

(RTTNews) - NetApp Inc. (NTAP) revealed earnings for second quarter that lost ground compared to the same period last year.

The company said its profit totaled $181 million, or $0.61 per share. This was lower than $226 million, or $0.70 per share, in last year's second quarter.

Analysts had expected the company to earn $0.57 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 5.8% to $1.45 billion. This was down from $1.54 billion last year.

NetApp Inc. earnings at a glance:

-Earnings (Q2): $181 Mln. vs. $226 Mln. last year. -Earnings Decline (Y-o-Y): -19.9% -EPS (Q2): $0.61 vs. $0.70 last year. -EPS Decline (Y-o-Y): -12.9% -Analysts Estimate: $0.57 -Revenue (Q2): $1.45 Bln vs. $1.54 Bln last year. -Revenue Change (Y-o-Y): -5.8%

-Guidance: Next quarter EPS guidance: $0.66 - $0.71 Next quarter revenue guidance: $1.40 - $1.50 Bln