NetApp, Inc. stock price

NetApp, Inc. latest news:


  • 08/16/2017 14:18:06

    Data-storage company NetApp shares edge up on first-quarter earnings beat

    NetApp Inc. shares edged up over 1% in the extended session Wednesday after the company's first-quarter earnings beat expectations. The data-storage company's net income rose to $136 million, or 49 cents a share, compared to $64 million, or 23 cents a share, in the year-ago period. Adjusted earnings were 62 cents a share. Revenue rose 2% to $1.33 billion from $1.29 billion in the year-ago period. Analysts surveyed by FactSet had estimated 37 cents a share on revenue of $1.32 billion. Executives issued second-quarter sales guidance of $1.31 billion to $1.46 billion. Analysts model second-quarter sales of $1.37 billion. NetApp stock has gained 20% year-to-date, while the S&P 500 index has gained 10.2%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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