Investing.com - NetApp reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
NetApp announced earnings per share of $1.2 on revenue of $1.59B. Analysts polled by Investing.com EPS of $1.1 on revenue of $1.55B.
NetApp 's are down 20% and is trading at $78.51 , still down 24.79% from its 52 week high of $96.82 set on Friday, January 14, 2022.
NetApp shares gained 7.81% to trade at $78.51 in after-hours trade the report.
NetApp follows other major Information Technology sector earnings this month
NetApp's report follows an earnings beat by Apple on Thursday, July 28, 2022, who reported EPS of $1.2 on revenue of $82.96B, EPS of $1.16 on revenue of $82.79B.
Microsoft had missed expectations on Tuesday, July 26, 2022 with fourth quarter EPS of $2.23 on revenue of $51.87B, for EPS of $2.29 on revenue of $52.38B.
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