Announcing its results after the regular session, the California-based firm said its pro forma net income for the latest quarter rose 140 percent to $32.3 million, or 9 cents per share, versus net income of $13.5 million, or 4 cents a share a year ago.
This topped analysts' expectations it would earn eight cents per share in the latest quarter.
But the company also said actual net income for the quarter was $5.0 million, or one cent a share, when accounting for its acquisition of Orca Systems Inc., a developer of virtual interface architecture software, and in-process research and development charges and amortization of intangible assets of $27.3 million, or eight cents per share. Revenue, meanwhile, rose sharply to $231.2 million for the first quarter from $103.3 million in the same period a year ago, it added.
Taken from Reuters 14AUG00
Seems the NTAP Bears are trying to put a negative spin on this quarter's results. I actually heard Bloomberg report that ntap came in with better than expected income but fell short in revenues. "rose sharply to $231.2 million for the first quarter from $103.3 million in the same period a year ago". Is that a revenue disappointment?
Will they be taking it down today with the hopes of buying our shares cheep? They won't get mine!
-briank |
