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1st Qtr

NetAPP Inc. reported earnings that were higher than expected

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NetAPP, which makes data storage products, reported earnings that were higher than analysts were expecting. Net income for the California company’s fiscal second quarter was $110 million, or 30 cents per share, compared with $166 million, or 44 cents per share, in the same period last year. Analysts were expecting earnings of 48 cents, according to Bloomberg data.

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