NetApp misses by $0.03, misses on revs; guides Q1 EPS below consensus, revs in-line; increases quarterly dividend 6% :
- Reports Q4 (Apr) earnings of $0.55 per share, excluding non-recurring items, $0.03 worse than the Capital IQ Consensus of $0.58; revenues fell 10.4% year/year to $1.38 bln vs the $1.4 bln Capital IQ Consensus.
- Co issues guidance for Q1, sees EPS of $0.34-0.39, excluding non-recurring items, vs. $0.45 Capital IQ Consensus Estimate; sees Q1 revs of 1.20-1.35 bln vs. $1.26 bln Capital IQ Consensus Estimate.
- The Company will increase the first quarter fiscal year 2017 dividend by 6% to $0.19 per share.
- 'We executed well in the fourth quarter and I'm pleased with the progress we are making with our strategic solutions portfolio in addressing customers' needs. We continue to advance our pivot to the growth segments of the market while, at the same time, streamlining the business and reducing our cost base. The team remains sharply focused on disciplined execution and is fully committed to return the company to long-term growth.'
No comments:
Post a Comment