© Reuters. NetApp Earnings, Revenue Beat in Q2
Investing.com – NetApp (NASDAQ:NTAP) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
NetApp announced earnings per share of $1.05 on revenue of $1.42B. Analysts polled by Investing.com anticipated EPS of $0.7261 on revenue of $1.32B.
NetApp shares are down 12% from the beginning of the year, still down 17.04% from its 52 week high of $65.38 set on January 16. They are under-performing the Nasdaq which is up 37.7% from the start of the year.
NetApp follows other major Technology sector earnings this month
NetApp's report follows an earnings beat by NVIDIA on November 18, who reported EPS of $2.91 on revenue of $4.73B, compared to forecasts EPS of $2.58 on revenue of $4.42B.
Cisco had beat expectations on November 12 with first quarter EPS of $0.76 on revenue of $11.93B, compared to forecast for EPS of $0.7049 on revenue of $11.85B.
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