NetApp Earnings, Revenue Beat in Q1 By Investing.com
© Reuters. NetApp Earnings, Revenue Beat in Q1
Investing.com – NetApp (NASDAQ:) reported on Wednesday first quarter that beat analysts’ forecasts and revenue that topped expectations.
NetApp announced earnings per share of $1.15 on revenue of $1.46B. Analysts polled by Investing.com anticipated EPS of $0.9539 on revenue of $1.43B.
NetApp shares are up 24% from the beginning of the year, still down 2.34% from its 52 week high of $84.17 set on June 16. They are outperforming the Nasdaq which is up 16.71% from the start of the year.
NetApp follows other major Technology sector earnings this month
NetApp’s report follows an earnings beat by Apple on July 27, who reported EPS of $1.3 on revenue of $81.43B, compared to forecasts EPS of $1.01 on revenue of $73.33B.
Alphabet C had beat expectations on July 27 with second quarter EPS of $27.26 on revenue of $61.88B, compared to forecast for EPS of $19.33 on revenue of $56.19B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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