Network Appliance reported quarterly earnings that hit analysts' estimates, but the company's shares fell in late trading as the company gave guidance on the soft side.
NetApp reported a per-share profit of 22 cents in its fiscal first quarter, excluding one-time charges and other items. Sales in the quarter reached $868.8 million.
The Sunnyvale, Calif.-based provider of enterprise network storage and data management products forecast second-quarter earnings of 16 cents to 19 cents a share, or 27 cents to 30 cents a share excluding items, on revenue of $910 million to $940 million.
Customers continued to expand their storage infrastructures despite ''economic uncertainty,'' NetApp said, but its earnings forecast range for the fiscal second quarter dipped below the Wall Street average.
The mean estimate of analysts polled by Thomson Reuters was for a per-share profit of 30 cents on revenue of $918 million.
Shares of the company , which closed Wednesday down 2.36 percent at $25.69, fell more than 4 percent in extended electronic trading.
Net income for the first quarter of fiscal 2009 was $38 million, or 11 cents a share, compared with $34 million, or 9 cents a share, in the same quarter a year ago.