Investing.com - NetApp reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
NetApp announced earnings per share of $1.48 on revenue of $1.66B. Analysts polled by Investing.com anticipated EPS of $1.33 on revenue of $1.68B.
NetApp shares are down 21% from the beginning of the year and are trading at $65.70 , down-from-52-week-high.
NetApp shares lost 8.48% in after-hours trade the report.
NetApp follows other major Information Technology sector earnings this month
NetApp's report follows an earnings missed by NVIDIA on November 16, who reported EPS of $0.58 on revenue of $5.93B, compared to forecasts EPS of $0.71 on revenue of $5.8B.
Cisco had beat expectations on November 16 with first quarter EPS of $0.86 on revenue of $13.6B, compared to forecast for EPS of $0.84 on revenue of $13.29B.
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