NetApp Shares Plunge 16% as Revenue Miss and Weak …
From Financial Modeling Prep: 2025-02-28 11:54:00
NetApp (NASDAQ:NTAP) stock plummeted over 16% post fiscal Q3 earnings report. Despite beating earnings estimates with $1.91 EPS, revenue fell short at $1.64 billion. Q4 forecast of $1.84-$1.94 EPS and $1.65-$1.80 billion revenue missed expectations. Full-year fiscal 2025 outlook of $7.17-$7.27 EPS and $6.49-$6.64 billion revenue also below analyst projections, leading to investor concerns and stock decline.
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