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NetApp: revenues, profits beat forecasts in Q2

NetApp: revenues, profits beat forecasts in Q2

Investing.com - NetApp released a report on Tuesday with second-quarter results that beat analysts. Revenue exceeded forecasts.

The company posted earnings per share of $ 1.05 and earnings of $ 1.42B. Analysts polled by Investing.com had forecast earnings per share of $ 0.7261 and total revenue of $ 1.32B

NetApp shares fell 12% this year, performing worse than the Nasdaq average, up 37% YTD.

NetApp follows the general trend of the sector companies "Technology" this month

NVIDIA reported $ 2.91 in third quarter on Nov 18, profit of $ 4.73B, compared with EPS forecasts of $ 2.58 on total earnings of $ 4.42B

Cisco Earnings Beat Analyst Expectations Nov 12 First Quarter, $ 0.76 Quarter EPS on $ 11.93B Total Earnings Investing.com analysts previously predicted $ 0.7049 EPS on $ 11.85B total earnings

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