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NetApp Earnings beat, Revenue misses In Q3

Investing.com - NetApp (NASDAQ:NTAP) reported third quarter earnings that beat analysts' expectations on Wednesday and revenue that fell short of forecasts.

The firm reported earnings per share of $1.2 on revenue of $1.56B. Analysts polled by Investing.com anticipated EPS of $1.15 on revenue of $1.6B. That compared to EPS of $0.99 on revenue of $1.52B in the same period a year earlier. The company had reported EPS of $1.06 on revenue of $1.52B in the previous quarter.

NetApp shares lost 6.73% to trade at $62.82 in after-hours trade following the report.

NetApp follows other major Technology sector earnings this month

On January 30, Facebook reported fourth quarter EPS of $2.38 on revenue of $16.91B, compared to forecasts of EPS of $2.18 on revenue of $16.39B.

Intel earnings beat analyst's expectations on January 24, with fourth quarter EPS of $1.28 on revenue of $18.66B. Investing.com analysts expected EPS of $1.22 on revenue of $19.01B

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

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