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NetApp Earnings Beat, Revenue Inline In Q3 -Breaking

by Mike Robinson

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© Reuters. NetApp Earnings Beat, Revenue Inline In Q3

NetApp (NASDAQ) reports Wednesday that the third quarter beat analyst forecasts, and that revenue was consistent with analysts’ expectations.

NetApp posted earnings per share (EPS) of $1.44, on $1.61B in revenue. Investing.com polled analyst to predict EPS of $1.28 based on $1.61B revenue.

NetApp shares have fallen 17% since the start of the year. However, they are still 13.15% below their 52-week high of $96.82 on January 14. These shares are in line with Nasdaq, which has fallen 16.67% since the beginning of the year.

NetApp joins other notable earnings from the Information Technology Sector this month

NetApp reported after Apple beat them on earnings on January 27th, reporting EPS at $2.1 per share on revenue $123.95B. This compares to the forecasts of EPS at $1.9 for revenue $119B.

Microsoft beat all expectations with a second quarter earnings per share of $2.48 on $51.73B in revenue, as compared to the forecast of EPS at $2.32 for $50.74B.

You can keep up-to date on the latest earnings reports by visiting Investing.com’s earnings calendar

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