NetApp Earnings Beat, Revenue Misses In Q2

Investing.com – NetApp (NASDAQ:) reported second quarter that beat analysts’ expectations on Wednesday and revenue that fell short of forecasts.

The firm reported earnings per share of $1.09 on revenue of $1.37B. Analysts polled by Investing.com forecast EPS of $0.94 on revenue of $1.38B. That compared to EPS of $1.06 on revenue of $1.52B in the same period a year earlier. The company had reported EPS of $0.65 on revenue of $1.24B in the previous quarter.

NetApp shares gained 0.43% to trade at $60.30 in after-hours trade following the report.

NetApp follows other major Technology sector earnings this month

On October 30, Apple reported fourth quarter EPS of $3.03 on revenue of $64.04B, compared to forecasts of EPS of $2.83 on revenue of $63.01B.

Microsoft earnings beat analysts’ expectations on October 23, with first quarter EPS of $1.38 on revenue of $33.06B. Investing.com analysts expected EPS of $1.25 on revenue of $32.15B

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

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