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NetApp Earnings beat, Revenue misses In Q2

Published 2019-11-13, 04:03 p/m
Updated 2019-11-13, 04:03 p/m
© Reuters.  NetApp Earnings beat, Revenue misses In Q2

© Reuters. NetApp Earnings beat, Revenue misses In Q2

Investing.com - NetApp (NASDAQ:NTAP) reported second quarter earnings 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 anticipated 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.

For the year, NetApp shares are up 0.62%, under-performing the S&P 500 which is up 24.9% year to date.

NetApp follows other major Technology sector earnings this month

On Wednesday, October 30, 2019, 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 analyst's expectations on Wednesday, October 23, 2019, 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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