NetApp Sees FY25 Adj. EPS $6.80-$7.00 vs $6.74 Est., Net Revenues $6.450B-$6.650B vs $6.53B Est.
Portfolio Pulse from Benzinga Newsdesk
NetApp has provided its financial guidance for FY25, projecting adjusted EPS between $6.80 and $7.00, surpassing the estimated $6.74. The company also forecasts net revenues between $6.450 billion and $6.650 billion, aligning closely with the estimated $6.53 billion.
May 30, 2024 | 8:03 pm
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NetApp's FY25 financial guidance indicates stronger-than-expected adjusted EPS and revenue projections that align closely with estimates. This positive outlook is likely to boost investor confidence in the short term.
NetApp's adjusted EPS guidance of $6.80-$7.00 exceeds the estimated $6.74, indicating better profitability. The revenue forecast of $6.450B-$6.650B aligns closely with the $6.53B estimate, suggesting stable revenue performance. This positive financial outlook is likely to enhance investor sentiment and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100