News Formal

NetApp stock dives after earnings miss, weak forecast

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 6 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

NetApp Inc. shares dropped more than 5% in late trading Wednesday after the data-storage company reported weaker than expected earnings and revenue and...

NetApp Inc. NTAP, -4.13% shares dropped more than 5% in late trading Wednesday after the data-storage company reported weaker than expected earnings and revenue and projected declining quarterly sales and profit. In a fiscal fourth-quarter earnings report, NetApp reported income of $396 million, or $1.59 a share, on sales of $1.59 billion, down from $1.64 billion the year before.

Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cisco beats earnings target, says has cushioned supply chain from tariffsCisco Systems Inc reported better-than-expected quarterly earnings on Wednesday ...
Source: Reuters - 🏆 2. / 97 Read more »