NetApp's Q1 Earnings & Revenues Beat Estimates, Stock Falls

NetApp, Inc. (NTAP) reported first-quarter fiscal 2025 non-GAAP earnings of $1.56 per share, which surpassed the Zacks Consensus Estimate by 6.9$1.15 per share in the prior year period. The bottom line surpassed the company’s guided range of $1.4–$1.5.Revenues of $1.54 billion increased 8$1.455–$1.605 billion. The upside resulted from strong sales across Hybrid Cloud and Public Cloud segments, notably a growth of a ...