NetApp Stock Dips Despite Strong Earnings
Update: 2025-11-26
Description
NetApps shares dipped despite a strong earnings report, as a lower-than-expected revenue forecast for the next quarter led to a decline in stock price. The company reported Q3 revenue of $1.71 billion and adjusted EPS of $2.05, beating analyst predictions. However, a projected revenue of $1.69 billion for the next quarter, below expectations, caused the stock to fall. NetApps shares are down 5.4% this year, but investors who bought $1,000 worth five years ago would now have $2,059.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
1.0x
