NetApp Q3 2024 Adj EPS $1.940 Beats $1.690 Estimate, Sales $1.610B Beat $1.591B Estimate
Portfolio Pulse from Benzinga Newsdesk
NetApp reported Q3 2024 adjusted EPS of $1.940, surpassing the $1.690 estimate, with sales of $1.610B also beating the $1.591B estimate. This represents a 5.50% increase in sales compared to the same period last year.
February 29, 2024 | 9:01 pm
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POSITIVE IMPACT
NetApp's Q3 2024 earnings and sales exceeded analyst expectations, with a notable year-over-year sales growth of 5.50%.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The significant year-over-year sales growth further underscores the company's strong performance and may boost investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100