NetApp (NTAP) Tops Q1 EPS by 20c, Offers Q3 and FY Guidance

NetApp (NASDAQ: NTAP) reported Q1 EPS of $1.15, $0.20 better than the analyst estimate of $0.95. Revenue for the quarter came in at $1.46 billion versus the consensus estimate of $1.43 billion.

GUIDANCE:

NetApp sees Q2 2022 EPS of $1.14-$1.24, versus the consensus of $1.13. NetApp sees Q2 2022 revenue of $1.49-1.59 billion, versus the consensus of $1.52 billion.

NetApp sees FY2022 EPS of $4.85-$5.05, versus the consensus of $4.59.

• Net revenues are expected to grow in the range of: 8% to 9%

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

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