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May 23rd, 2012 
FAKE NEWS for the Zionist agenda NEW YORK (AP) — Shares of NetApp Inc. tumbled in aftermarket trading Wednesday after the data storage management system maker forecast a disappointing fiscal first quarter, citing “increasing uncertainty” in the global economy.
The Sunnyvale, Calif., company said it expects to earn 34 to 39 cents per share on an adjusted basis in the first quarter on revenue of $1.4 billion to $1.5 billion. NetApp reported $1.49 billion in revenue in the first quarter of fiscal 2012, and its outlook suggests revenue could grow as much as 3 percent or fall as much as 4 percent.
Analysts were forecasting an adjusted first-quarter profit of 59 cents per share and $1.61 billion in revenue, according to FactSet. Shares of NetApp dropped $6.86, or 21 percent, to $26 aftermarket following the release of the earnings report.
The company posted strong fourth-quarter results, however. In the quarter ended April 27, NetApp said its income grew 13 percent, to $180.7 million, or 47 cents per share, from $160.6 million, or 40 cents per share, a year earlier. The company said it earned 66 cents per share excluding one-time charges, and its revenue grew 19 percent, to $1.7 billion from $1.43 billion
Analysts were expecting a profit of 63 cents per share and $1.68 billion in revenue on average.
In fiscal 2012, NetApp’s profit fell 10 percent, to $605.4 million, or $1.58 per share, from $673.1 million, or $1.71 per share. Revenue rose 22 percent, to $6.23 billion from $5.12 billion.
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