NetApp gains after raising annual profit, revenue forecasts

NetApp

21/11/2024 22:41

** Shares of data storage firm NetApp  NTAP.O  up ~6% at
$134 in extended trading 
    ** Co expects 2025 adj. EPS between $7.20 and $7.40 compared
with its prior forecast of $7 to $7.20
    ** NTAP raised annual revenue forecast to between $6.54 bln
and $6.74 bln from $6.48 bln to $6.68 bln expected earlier 
    ** Q2 revenue came in at $1.66 bln vs estimates of $1.65 bln
- as per data compiled by LSEG
    ** Net income per share was $1.42 vs $1.10 a year ago
    ** Up to last close, stock had risen 43% YTD

 (Reporting by Zaheer Kachwala in Bengaluru)
 ((Zaheer.Kachwala@thomsonreuters.com))