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SAN JOSE, Calif. - NetApp Inc. (NASDAQ:NTAP) shares fell 4.5% in after-hours trading Thursday as the data storage company’s first-quarter guidance fell short of analyst expectations, overshadowing better-than-expected fourth-quarter results.
The intelligent data infrastructure company reported adjusted earnings of $1.93 per share for its fiscal fourth quarter, beating the analyst consensus of $1.89. Revenue rose 4% year-over-year to $1.73 billion, slightly above estimates of $1.72 billion.
However, NetApp’s outlook for the current quarter disappointed investors. The company forecast first-quarter adjusted earnings of $1.48 to $1.58 per share on revenue of $1.46 billion to $1.61 billion. Both ranges fell below Wall Street’s projections of $1.66 per share in earnings and $1.6 billion in revenue.
For the full fiscal year 2025, NetApp reported record revenue of $6.57 billion, up 5% from the previous year. The company also achieved record non-GAAP operating profit of $1.86 billion and operating margins of 28%.
"Fiscal Year 2025 marked many revenue and profitability records, driven by significant market share gains in all-flash storage and accelerating growth in our first party and marketplace storage services," said CEO George Kurian.
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