NetApp (NTAP) Posts Q2 adj.-EPS of 60c; Issues Strong Q3 Outlook

November 16, 2016 4:02 PM EST

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(Updated - November 16, 2016 4:08 PM EST)

NetApp (NASDAQ: NTAP) reported Q2 EPS of $0.60, versus the analyst estimate of $0.54. Revenue for the quarter came in at $1.34 billion versus the consensus estimate of $1.36 billion.

NetApp ended the second quarter of fiscal year 2017 with $4.4 billion in total cash, cash equivalents and investments. During the second quarter of fiscal year 2017, the Company generated $158 million in cash from operations and returned $169 million to shareholders through share repurchases and a cash dividend.

GUIDANCE:

NetApp sees Q3 2017 EPS of $0.72-$0.77, versus the consensus of $0.65. NetApp sees Q3 2017 revenue of $1.325-1.475 billion, versus the consensus of $1.36 billion.

For earnings history and earnings-related data on NetApp (NTAP) click here.



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