Investing.com – NetApp reported fourth quarter that missed analysts’ expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.22 on revenue of $1.59B. Analysts polled by Investing.com anticipated EPS of $1.26 on revenue of $1.65B. That compared to EPS of $1.05 on revenue of $1.64B in the same period a year earlier. The company had reported EPS of $1.2 on revenue of $1.56B in the previous quarter.
For the year, NetApp shares are up 12.45%, under-performing the Nasdaq which is up 19.12% year to date.
NetApp follows other major Technology sector earnings this month
On May 8, EchoStar reported first quarter EPS of $0.08 on revenue of $531.08M, compared to forecasts of EPS of $0.1 on revenue of $528.1M.
Microsoft earnings beat analyst’s expectations on April 24, with third quarter EPS of $1.14 on revenue of $30.57B. Investing.com analysts expected EPS of $1 on revenue of $29.88B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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