NetApp (NTAP) To Report Q3 Earnings: What's In The Cards?
Zacks Investment Research | Feb 08, 2019 07:17AM ET
NetApp Inc. (NASDAQ:NTAP) is scheduled to report third-quarter fiscal 2019 results on Feb 13.
Notably, the company has surpassed the Zacks Consensus Estimate in the trailing four quarters recording average positive earnings surprise of 12.8%.
In the last reported quarter, NetApp delivered non-GAAP earnings of $1.06 per share, beating the Zacks Consensus Estimate by 7 cents. The figure also surged 32.5% from the year-ago period and was within management’s guided range.
The company delivered second-quarter fiscal 2019 revenues of $1.517 billion, improving 7.2% on a year-over-year basis. The figure also beat the Zacks Consensus Estimate of $1.511 billion.
Robust adoption of company’s expanding product portfolio and increasing deal wins across varied geographies drove year-over-year growth.
Notably, NetApp stock has returned 21.6% in the past year, compared with Zacks Investment Research
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