EMC Corp. (EMC) reported that fourth-quarter net income attributable to the company increased to $1.15 billion or $0.56 per share from $1.02 billion or $0.48 per share in the prior-year quarter.
Excluding items, adjusted net income attributable to the company was $1.41 billion or $0.69 per share, compared to $1.28 billion or $0.60 per share in the year-ago quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.68 per share for the quarter. Analysts' estimates typically exclude special items.
Revenue for the quarter grew to $7.05 billion from $6.68 billion in the same quarter last year. Wall Street expected revenues of $7.10 billion.
Looking ahead for fiscal 2015, the company expects earnings of $1.27 per share and adjusted earnings of $1.98 per share, on projected consolidated revenues of $26.1 billion. Street currently is looking for full-year 2015 earnings of $2.13 per share on annual revenues of $26.21 billion.
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