NetApp's Q3 Beats Expectations, Stock Rises

NetApps Q3 results surpass expectations with $1.71 billion in sales, a 2.8% year-over-year increase, and adjusted profit per share of $2.05, an 8.8% beat. Despite a slightly lower Q4 revenue projection, NetApp reaffirms full-year guidance and raises adjusted earnings per share outlook. Operating margin improves to 23.4%, reflecting operational efficiency. Stock trades up 2.1% post-results.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.