NetApp: Overview of Third Quarter Financial Results

NetApp Announces Third-Quarter Financial Results

NetApp Inc., headquartered in San Jose, California, revealed a net profit of $334 million for its fiscal third quarter.

The company reported earnings of $1.67 per share, while adjusted earnings—excluding certain items—reached $2.12 per share.

These results surpassed analysts’ predictions, as the consensus from 10 Zacks Investment Research analysts had anticipated earnings of $2.07 per share.

NetApp’s revenue for the quarter totaled $1.71 billion, exceeding the $1.69 billion forecasted by nine analysts surveyed by Zacks.

Outlook for the Next Quarter

Looking ahead to the quarter ending in April, NetApp projects earnings per share between $2.21 and $2.31.

The company expects fourth-quarter revenue to fall between $1.8 billion and $1.95 billion.

For the full fiscal year, NetApp anticipates earnings per share in the range of $7.92 to $8.02, with total revenue expected between $6.77 billion and $6.92 billion.