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NetApp Manages Earnings Beat

Stock quotes in this article: NTAP , EMC , HPQ  

NetApp (NTAP Quote)'s profits tumbled in the second quarter despite solid revenue growth.

The results, released Wednesday, underline the challenges posed by an increasingly tough tech spending environment. NetApp did not issue third-quarter revenue guidance, citing the difficulty of forecasting at a time of unusual economic uncertainty.

NetApp reported second-quarter profit of $49 million, or 15 cents a share, compared to $84 million, or 23 cents a share, in the year-ago quarter. ...

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