NetApp Earnings, Revenue beat in Q4 By Investing.com

NetApp reported on Wednesday fourth quarter earnings that beat analysts’ forecasts and revenue that topped expectations.

NetApp announced earnings per share of $1.17 on revenue of $1.56B. Analysts polled by Investing.com anticipated EPS of $1.12 on revenue of $1.5B.

NetApp shares are up 16% from the beginning of the year and are trading at $76.99 , down-from-52-week-high.They are outperforming the S&P 500 which is up 12.04% 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 May 26, who reported EPS of $3.66 on revenue of $5.66B, compared to forecasts EPS of $3.29 on revenue of $5.4B.

Cisco had beat expectations on May 19 with third quarter EPS of $0.83 on revenue of $12.8B, compared to forecast for EPS of $0.8219 on revenue of $12.57B.

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