NetApp (NTAP) Tops Q3 EPS by 9c

NetApp (NASDAQ: NTAP) reported Q3 EPS of $1.10, $0.09 better than the analyst estimate of $1.01. Revenue for the quarter came in at $1.47 billion versus the consensus estimate of $1.43 billion.

“We delivered another strong quarter with revenues at the top of our guidance range and operating margin and EPS above the high end of our expectations. We have sharpened our execution and Q3 fiscal year 2021 marks our third consecutive quarter of revenue and billings growth,” said George Kurian, chief executive officer. “Looking ahead, we are uniquely positioned to address customers’ requirements for digital transformations as they deploy workloads in the cloud, as well as maintain and modernize on premises. We are confident in the strength of our position as customers continue to turn to NetApp to help them solve the challenge of managing data in the hybrid cloud as the recovery unfolds.”

GUIDANCE:

NetApp sees Q4 2021 EPS of $1.06-$1.14, versus the consensus of $1.09. NetApp sees Q4 2021 revenue of $1.44-1.54 billion, versus the consensus of $1.47 billion.

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

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