Published on 31 May 2024 on Zacks via Yahoo Finance
NetApp (NTAP) Q4 Earnings in Line, Revenues Top Estimates
NetApp, Inc NTAP reported fourth-quarter fiscal 2024 non-GAAP earnings of $1.80 per share, in line with the Zacks Consensus Estimate but up 17% year over year. Management anticipated non-GAAP earnings in the range of $1.73-$1.83.Revenues of $1.67 billion increased 6% year over year. NTAP projected revenues in the range of $1.585-$1.735 billion. The uptick was caused by solid demand across the all-flash and cloud storage portfolio. Also, revenues beat the consensus mark by 0.4%.For fiscal 2024, revenues came in at $6.27 billion, down 1% year over year. NetApp expected fiscal 2024 revenues in the band of $6.185-$6.335 billion. Non-GAAP earnings came in at $6.46 compared with $5.59 reported in fiscal 2023. The company forecast non-GAAP earnings in the range of $6.40-$6.50 per share for fiscal 2024.
NetApp, Inc. Price, Consensus and EPS Surprise
