Connect with us

Hi, what are you looking for?

Investing

NetApp sticks with full-year forecast amid ‘challenging macroeconomic environment’

Cloud-services provider NetApp Inc. NTAP on Wednesday forecast second-quarter profit and sales that came in above expectations, but the company stuck with its full-year profit outlook amid a “challenging macroeconomic environment” still marked by pockets of cautious tech spending. The company forecast second-quarter adjusted earnings per share of $1.35 to $1.45, on sales of $1.455 billion to $1.605 billion, with the midpoint of both forecasts above FactSet estimates of $1.38 per share and $1.51 billion. NetApp held to its full-year adjusted per-share profit forecast of $5.65 to $5.85. Shares were down 0.7% after hours….

Read the full article here

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

News

Follow Q4: 2026-05-13 Earnings Summary EPS of $0.26 misses by $0.02  | Revenue of $145.37M (5.12% Y/Y) beats by $1.46M Doximity, Inc. (DOCS) Q4 2026...

Videos

Watch full video on YouTube

News

This article was written by Follow I have over 10 years of experience in the financial sector, having worked both at a stockbroker and...

Videos

Watch full video on YouTube