Investing.com - NetApp (NASDAQ:NTAP) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that was inline with expectations.
NetApp announced earnings per share of $1.44 on revenue of $1.61B. Analysts polled by Investing.com anticipated EPS of $1.28 on revenue of $1.61B.
NetApp shares are down 17% from the beginning of the year, still down 13.15% from its 52 week high of $96.82 set on January 14. They are broadly in line with the Nasdaq which is down 16.67% from the start of the year.
NetApp follows other major Information Technology sector earnings this month
NetApp's report follows an earnings beat by Apple on January 27, who reported EPS of $2.1 on revenue of $123.95B, compared to forecasts EPS of $1.9 on revenue of $119B.
Microsoft had beat expectations on January 25 with second quarter EPS of $2.48 on revenue of $51.73B, compared to forecast for EPS of $2.32 on revenue of $50.74B.
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