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Network Appliance

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topped second-quarter earnings estimates before charges.

The Sunnyvale, Calif., maker of data storage systems said that before the items, it earned $7.7 million, or 2 cents a share, in the latest quarter compared with earnings of $36.9 million, or 10 cents a share, last year. Analysts were expecting the company to break even on a per-share basis in the most recent quarter.

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Network Appliance's chief executive told


that he sees sales and earnings flat in the current quarter, although he's hopeful the company will be profitable.

Sales in the latest quarter were $194.7 million compared with $200.4 million a year ago. The company's bottom-line loss was $11.2 million, or 3 cents a share, in the second quarter.