Gst, Actual earnings. These days its better than companies who are cutting losses.:-)
>2/8/01 4:29 PM ET
Networked storage systems company Network Appliance (NTAP:Nasdaq - news) reported fiscal third-quarter earnings surpassing Wall Street's expectations Thursday after the close of regular trading. At the same time, however, the company's sales were a hair lower than forecast, possibly reflecting the broader slowing in demand for Internet infrastructure already experienced by other companies in that sector.
The Sunnyvale, Calif.-based firm said that income excluding certain items totaled $38.9 million, or 11 cents a share. That figure bests the 10 cents a share that analysts polled by First Call/Thomson Financial were looking for, and is up 95% from the $20 million, or 6 cents a share, the company earned in the same period last year. Actual earnings were $34.1 million, or 9 cents a share, versus last year's $19.8 million, or 6 cents a share.
Revenue, meanwhile, came in at $288.4 million. That's up 91% from the prior year's $151.3 million, but about $5 million below the number analysts had been expecting. |
