NetApp announced earnings per share of $1.1 on revenue of $1.47B. Analysts polled by Investing.com anticipated EPS of $1.01 on revenue of $1.43B.
NetApp shares are up 7% from the beginning of the year, still down 0.27% from its 52 week high of $71.68 set on February 19. They are outperforming the S&P 500 which is up 4.49% from the start of the year.
NetApp follows other major Technology sector earnings this month
NetApp’s report follows an earnings beat by Apple on January 27, who reported EPS of $1.68 on revenue of $111.44B, compared to forecasts EPS of $1.42 on revenue of $103.27B.
Microsoft had beat expectations on January 26 with second quarter EPS of $2.03 on revenue of $43.08B, compared to forecast for EPS of $1.64 on revenue of $40.22B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar