NetApp Earnings, Revenue beat in Q2

NetApp reported on Tuesday second quarter earnings that beat analysts’ forecasts and revenue that topped expectations.

NetApp announced earnings per share of $1.05 on revenue of $1.42B. Analysts polled by Investing.com anticipated EPS of $0.7261 on revenue of $1.32B.

NetApp shares are down 12% from the beginning of the year and are trading at $54.24 , down-from-52-week-high.They are under-performing the Nasdaq which is up 37.7% from the start of the year.

NetApp follows other major Technology sector earnings this month

NetApp’s report follows an earnings beat by NVIDIA on November 18, who reported EPS of $2.91 on revenue of $4.73B, compared to forecasts EPS of $2.58 on revenue of $4.42B.

Cisco had beat expectations on November 12 with first quarter EPS of $0.76 on revenue of $11.93B, compared to forecast for EPS of $0.7049 on revenue of $11.85B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar