NetApp Sees FY24 Adj. EPS $6.40-$6.50 vs $6.15 Est., Revenues $6.185B-$6.335B vs $6.23B Est.
Portfolio Pulse from Benzinga Newsdesk
NetApp has projected its adjusted earnings per share (EPS) for fiscal year 2024 to be between $6.40 and $6.50, surpassing the estimated $6.15. The company also forecasts revenues to range from $6.185 billion to $6.335 billion, which brackets the estimated $6.23 billion.
February 29, 2024 | 9:04 pm
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NetApp projects higher-than-expected adjusted EPS for FY24 at $6.40-$6.50, against a $6.15 estimate, and forecasts revenues of $6.185B-$6.335B, closely aligning with the $6.23B estimate.
NetApp's projection of higher-than-expected adjusted EPS for FY24 suggests a positive outlook on its financial performance, likely leading to a positive short-term impact on its stock price. The revenue forecast, closely aligning with estimates, reinforces this positive outlook, indicating operational stability and potential growth.
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