NetApp's Q1 Earnings & Revenues Beat Estimates, Stock Falls
NTAPNetApp(NTAP) ZACKS·2024-08-29 22:15

NetApp, Inc. (NTAP) reported first-quarter fiscal 2025 non-GAAP earnings of 1.56pershare,whichsurpassedtheZacksConsensusEstimateby6.91.56 per share, which surpassed the Zacks Consensus Estimate by 6.9%. The company reported earnings of 1.15 per share in the prior year period. The bottom line surpassed the company’s guided range of 1.41.4–1.5.Revenues of 1.54billionincreased81.54 billion increased 8% year over year. NTAP projected revenues in the range of 1.455–$1.605 billion. The upside resulted from strong sales across Hybrid Cloud and Public Cloud segments, notably a growth of a ...