Investing.com - NetApp (NASDAQ:NTAP) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
NetApp announced earnings per share of $1.48 on revenue of $1.66B. Analysts polled by Investing.com anticipated EPS of $1.33 on revenue of $1.68B.
NetApp shares are down 21% from the beginning of the year and are trading at $65.70 , down-from-52-week-high.
NetApp shares lost 8.48% in after-hours trade after the report.
NetApp follows other major Information Technology sector earnings this month
NetApp's report follows an earnings missed by NVIDIA on Wednesday, November 16, 2022, who reported EPS of $0.58 on revenue of $5.93B, compared to forecasts EPS of $0.71 on revenue of $5.8B.
Cisco had beat expectations on Wednesday, November 16, 2022 with first quarter EPS of $0.86 on revenue of $13.6B, compared to forecast for EPS of $0.84 on revenue of $13.29B.
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