NetApp Product Sales Flat; Stock Down Despite Q2 Beat
Shares of NetApp (NTAP) were down 1.7% in midday trading Thursday, though the provider of data storage systems late Wednesday beat quarterly estimates and slightly raised guidance. NetApp reported earnings per share minus items of 67 cents, well above the consensus estimate of 56 cents and up 16% from the year-earlier quarter. That reversed two straight quarters of double-digit EPS declines. Revenue rose 4% to $1.63 billion, the best showing in
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