— NetApp shares rose more than 10% in after-hours trading after the data-storage company reported unexpected earnings and sales growth. NetApp reported adjusted earnings of 73 cents a share, up from 65 cents a share a year ago. Analysts had expected profit and sales to decline from last year, with the average analyst estimating adjusted earnings of 41 cents a share, according to Refinitiv surveys.
It also reported adjusted per-share earnings of 18 cents for the second quarter, ahead of a consensus estimate of 12 cents generated by Refinitiv.— Splunk's stock fell 2% in after-hours trading after it the company's second-quarter revenues fell short of Wall Street's expectations. Sales of $492 million disappointed analysts and investors, who'd expected Splunk to report revenues of $522 million. An adjusted per-share loss of 33 cents met expectations.
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