NTAP NetApp Inc

   By Allison Prang 
 

NetApp Inc.'s (NTAP) profit was about flat from a year ago as revenue fell but costs declined, too.

Profit was $243 million, up $2 million from the comparable quarter a year ago. Earnings were $1.03 a share, up from 91 cents a share.

Adjusted earnings were $1.09 a share, up from $1.06 a share. Analysts polled by FactSet are expecting adjusted earnings of 94 cents a share.

Revenue was $1.37 billion, down 9.6%. Analysts are expecting $1.38 billion.

Operating expenses were $629 million. They fell from $688 million. Cost of revenue fell to $446 million, a drop from $543 million.

Write to Allison Prang at allison.prang@wsj.com

(END) Dow Jones Newswires

November 13, 2019 16:24 ET (21:24 GMT)

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