=NetApp (NTAP) reported earnings on Wed 11/16/16 (a/h)

NetApp reported earnings of 60 cents per share for the second quarter fiscal year 2017 on Wednesday, beating analysts' estimates of 54 cents per share, according to a consensus estimate from Thomson Reuters.

However, the data management company slightly missed Wall Street's revenue expectations, reporting revenues of $1.34 billion compared to analysts' projections of $1.36 billion.

Despite the revenue miss, NetApp beat on the bottom line, predicting its third quarter fiscal year 2017 projections above analysts' consensus.

The company predicts its non-GAAP earnings to be between 72 cents per share and 77 cents per share on revenue of $1.33 billion to $1.48 billion for the third quarter. Meanwhile, analysts were expecting earnings to be around 65 cents per share on revenue of $1.36 billion, according to a consensus estimate from Thomson Reuters.

Netapp closed on Wednesday at $34.73 a share.