Investing.com - NetApp (NASDAQ:NTAP) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
NetApp announced earnings per share of $1.17 on revenue of $1.56B. Analysts polled by Investing.com anticipated EPS of $1.12 on revenue of $1.5B.
NetApp shares are up 16% from the beginning of the year and are trading at $76.99 , down-from-52-week-high.They are outperforming the S&P 500 which is up 12.04% from the start of the year.
NetApp follows other major Technology sector earnings this month
NetApp's report follows an earnings beat by NVIDIA on Wednesday, May 26, 2021, who reported EPS of $3.66 on revenue of $5.66B, compared to forecasts EPS of $3.29 on revenue of $5.4B.
Cisco had beat expectations on Wednesday, May 19, 2021 with third quarter EPS of $0.83 on revenue of $12.8B, compared to forecast for EPS of $0.8219 on revenue of $12.57B.
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