NetApp (NTAP) Q3 Earnings & Revenues Top Estimates, Rise Y/Y

NetApp, Inc (NTAP) reported third-quarter fiscal 2024 non-GAAP earnings of $1.94 per share, which surpassed the Zacks Consensus Estimate by 14.8% and increased 41.6% year over year. Management anticipated non-GAAP earnings in the range of$ 1.64- $1.74 for the same time frame. Revenues of$ 1.61 billion increased 5.2% year over year. NTAP projected revenues in the $1.51-$ 1.67 billion range. The uptick was caused by solid demand across the latest all-flash products. Also, revenues beat the consensus mark by 0.9 ...