Recap: NetApp Q2 Earnings
Portfolio Pulse from Benzinga Insights
NetApp (NASDAQ:NTAP) reported Q2 earnings with an EPS of $1.58, beating estimates by 13.67% but with a revenue decline of $101 million YoY. Last quarter's EPS beat resulted in a 1.31% share price drop the next day. Historical earnings data shows fluctuating performance over the past quarters.
November 28, 2023 | 9:15 pm
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NEUTRAL IMPACT
NetApp reported a strong Q2 EPS beat but saw a decrease in revenue compared to last year. Historical data suggests mixed market reactions to past earnings.
While NetApp beat EPS estimates, the decline in revenue and mixed historical stock reactions post-earnings suggest a neutral short-term impact on the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100