Investing.com - NetApp (NASDAQ:NTAP) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
NetApp announced earnings per share of $1.15 on revenue of $1.46B. Analysts polled by Investing.com anticipated EPS of $0.9539 on revenue of $1.43B.
NetApp shares are up 24% from the beginning of the year and are trading at $82.20 , down-from-52-week-high.They are outperforming the Nasdaq which is up 16.71% from the start of the year.
NetApp follows other major Technology sector earnings this month
NetApp's report follows an earnings beat by Apple on Tuesday, July 27, 2021, who reported EPS of $1.3 on revenue of $81.43B, compared to forecasts EPS of $1.01 on revenue of $73.33B.
Alphabet C had beat expectations on Tuesday, July 27, 2021 with second quarter EPS of $27.26 on revenue of $61.88B, compared to forecast for EPS of $19.33 on revenue of $56.19B.
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