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Recap: NetApp Q2 Earnings

NetApp (NASDAQ:NTAP) reported its Q2 earnings results on Tuesday, November 28, 2023 at 04:01 PM. Here’s what investors…
byBenzinga Insights
November 28, 2023
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NetApp (NASDAQ:NTAP) reported its Q2 earnings results on Tuesday, November 28, 2023 at 04:01 PM.

Here’s what investors need to know about the announcement.

Earnings

NetApp beat estimated earnings by 13.67%, reporting an EPS of $1.58 versus an estimate of $1.39.

Revenue was down $101.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.08 which was followed by a 1.31% drop in the share price the next day.

Here’s a look at NetApp’s past performance:

Quarter Q1 2024 Q4 2023 Q3 2023 Q2 2023
EPS Estimate 1.07 1.34 1.31 1.33
EPS Actual 1.15 1.54 1.37 1.48
Revenue Estimate 1.41B 1.54B 1.61B 1.68B
Revenue Actual 1.43B 1.58B 1.53B 1.66B

To track all earnings releases for NetApp visit their earnings calendar here.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

 
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