Investing.com - NetApp (NASDAQ:NTAP) reported second quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $1.06 on revenue of $1.52B. Analysts polled by Investing.com forecast EPS of $0.99 on revenue of $1.51B. That compared to EPS of $0.81 on revenue of $1.42B in the same period a year earlier. The company had reported EPS of $1.04 on revenue of $1.47B in the previous quarter.
For the year, NetApp shares are up 41.05%, outperforming the S&P 500 which is up 0.67% year to date.
NetApp follows other major Technology sector earnings this month
On November 1, Apple reported fourth quarter EPS of $2.91 on revenue of $62.9B, compared to forecasts of EPS of $2.78 on revenue of $61.46B.
Microsoft earnings beat analyst's expectations on October 24, with first quarter EPS of $1.14 on revenue of $29.08B. Investing.com analysts expected EPS of $0.96 on revenue of $27.88B
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