Investing.com - NetApp reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that was inline with expectations.
NetApp announced earnings per share of $1.42 on revenue of $1.68B. Analysts polled by Investing.com EPS of $1.28 on revenue of $1.68B.
NetApp 's are down 21% and is trading at $72.51 , still down 25.11% from its 52 week high of $96.82 set on Friday, January 14, 2022.
NetApp follows other major Information Technology sector earnings this month
NetApp's report follows an earnings beat by NVIDIA on Wednesday, May 25, 2022, who reported EPS of $1.36 on revenue of $8.29B, EPS of $1.3 on revenue of $8.12B.
Broadcom had beat expectations on Thursday, May 26, 2022 with second quarter EPS of $9.07 on revenue of $8.1B, for EPS of $8.71 on revenue of $7.91B.
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