NetApp Earnings, Revenue beat in Q3

© Reuters. NetApp Earnings, Revenue beat in Q3 – NetApp reported on Wednesday third quarter that beat analysts’ forecasts and revenue that topped expectations.

NetApp announced earnings per share of $1.1 on revenue of $1.47B. Analysts polled by anticipated EPS of $1.01 on revenue of $1.43B.

NetApp shares are up 7% from the beginning of the year and are trading at $71.48 , down-from-52-week-high.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.

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