[ad_1]
NetApp (NTAP) reported fiscal second-quarter outcomes late Tuesday that beat on earnings, however the tech agency introduced a income outlook that fell wanting expectations. NTAP inventory plunged on the information.
X
The corporate reported adjusted earnings of $1.48 a share on income of $1.66 billion. Analysts anticipated NetApp to report earnings of $1.33 a share on income of $1.67 billion.
The supplier of enterprise storage administration programs expects fiscal third-quarter income within the vary of $1.525 billion to $1.675 billion. The midpoint of $1.6 billion is under the typical estimate of $1.7 billion.
NTAP inventory dropped 10.8% to 64 throughout after-hours buying and selling on the inventory market at the moment.
NTAP inventory is down about 22% to this point this yr.
Extra to observe.
Please observe Brian Deagon on Twitter at @IBD_BDeagon for extra on tech shares, evaluation and monetary markets.
YOU MAY ALSO LIKE:
Battered E-Commerce Shares Get Off The Mat After Inflation Beatdown
Which Shares Are Displaying Rising Relative Energy?
Why Earnings Development Is Essential Half Of Successful Shares
Finest Development Shares To Purchase And Watch: See Updates To IBD Inventory Lists
Hey there, gaming enthusiasts! If you're on the hunt for the following popular trend in…
Understanding the Principles Before we get into the nitty-gritty, let's start with the basics. Precisely…
At its core, a vacuum pump is often a device that removes natural gas molecules…
For anyone in Newcastle-under-Lyme, getting around efficiently and comfortably often means relying on a taxi…
Before we get into the nitty-gritty of their benefits, let's first clarify what Modus Carts…
Delta 10 is often a cannabinoid found in trace volumes in the cannabis plant. It…