29.02.2024 22:09:19 - dpa-AFX: NetApp Inc. Q3 Profit Increases, beats estimates

SUNNYVALE (dpa-AFX) - NetApp Inc. (NTAP) reported earnings for its third
quarter that increased from last year and beat the Street estimates.

The company's earnings came in at $313 million, or $1.48 per share. This
compares with $65 million, or $0.30 per share, in last year's third quarter.

Excluding items, NetApp Inc. reported adjusted earnings of $410 million or $1.94
per share for the period.

Analysts on average had expected the company to earn $1.69 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter rose 5.2% to $1.61 billion from $1.53
billion last year.

NetApp Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $313 Mln. vs. $65 Mln. last year.
-EPS (Q3): $1.48 vs. $0.30 last year.
-Revenue (Q3): $1.61 Bln vs. $1.53 Bln last year.

-Guidance:
Next quarter EPS guidance: $1.73 - $1.83
Next quarter revenue guidance: $1.585 - $1.735 Bln
Full year EPS guidance: $6.40 - $6.50
Full year revenue guidance: $6.185 - $6.335 Bln


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
NETAPP INC. A0NHKR Frankfurt 117,240 21.06.24 09:09:17 -1,100 -0,93% 0,000 0,000 117,240 118,340

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