NetApp Earnings, Revenue Beat in Q1
2022.08.24 23:30
NetApp Earnings, Revenue Beat in Q1
Investing.com – NetApp (NASDAQ:NTAP) reported on Wednesday first quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
NetApp announced earnings per share of $1.2 on revenue of $1.59B. Analysts polled by Investing.com anticipated EPS of $1.1 on revenue of $1.55B.
NetApp shares are down 20% from the beginning of the year, still down 24.79% from its 52 week high of $96.82 set on January 14. They are under-performing the S&P 500 which is down 13.11% from the start of the year.
NetApp shares gained 7.81% in after-hours trade following the report.
NetApp follows other major Information Technology sector earnings this month
NetApp’s report follows an earnings beat by Apple on July 28, who reported EPS of $1.2 on revenue of $82.96B, compared to forecasts EPS of $1.16 on revenue of $82.79B.
Microsoft had missed expectations on July 26 with fourth quarter EPS of $2.23 on revenue of $51.87B, compared to forecast for EPS of $2.29 on revenue of $52.38B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
