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NetApp: FY Q4 EPS Beats; Q1 Guidance Light; Shares Fall

Posted on May 21, 2008

NetApp (NTAP) shares are down sharply in after hours trading on a disappointing outlook for the company s fiscal first quarter ending July.For its fiscal Q4 ended April 25, the company posted revenue of $938 million and non-GAAP profits of 38 cents; the Street had expected $938 million and 36 cents. For FY Q1, the company sees revenue of $845 million to $875 million, with non-GAAP profits of 20-23 cents a share. The Street consensus has been $870.9 million and 27 cents.NetApp repeated its previous guidance for the full fiscal year ending April 2009 for profits of $1.40 to $1.46 a share; that...

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eps , trading