NetApp Gained Over 7% in Premarket Trading on Earnings Beat
$NetApp(NTAP)$ gained over 7% in premarket trading on earnings beat.
It reported fourth-quarter net income of $245 million, or $1.13 a share, compared with $259 million, or $1.14 a share, in the year-ago period. Adjusted earnings, which exclude stock-based compensation expenses and other items, were $1.54 a share, compared with $1.42 a share in the year-ago period. Revenue declined to $1.58 billion from $1.68 billion in the year-ago quarter.
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