NetApp (NTAP) Tops Q4 EPS by 20c, Offers Guidance

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Go back to NetApp (NTAP) Tops Q4 EPS by 20c, Offers Guidance

NetApp (NTAP) shares up after Q4 earnings beat despite YoY revenue decline

June 1, 2023 9:04 AM EDT

NetApp (NASDAQ: NTAP) topped first-quarter earnings and revenue estimates after the close, sending its shares higher in after-hours and premarket trading Thursday.

The cloud services and data management company posted Q4 EPS of $1.54, $0.20 better than the analyst estimate of $1.34, with revenue for the quarter, which decreased 6% YoY, coming in at $1.58 billion versus the consensus estimate of $1.55 billion.

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