NetApp said it expects current-quarter revenue to be in the range of $1.40 billion to $1.50 billion. Analysts had expected NetApp to post $1.684 billion in revenue for the quarter ending in April and $1.606 billion for the quarter ending in July, according to Thomson Reuters I/B/E/S.
NetApp's net income for the fourth quarter was $181 million, or 47 cents a share, according to generally accepted accounting principles, compared to $161 million, or 40 cents a share, in the same quarter last year.
Shares of NetApp fell 22 percent to $25.55 in extended trading after closing down 1.3 percent at $32.86 in the regular session on Nasdaq.
(Reporting By Noel Randewich; Editing by Carol Bishopric)
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