NetApp beats by $0.03, reports revs in-line; guides Q1 EPS below consensus, revs below consensus (32.86 -0.44)
Reports Q4 (Apr) earnings of $0.66 per share, $0.03 better than the Capital IQ Consensus Estimate of $0.63; revenues rose 19.0% year/year to $1.7 bln vs the $1.68 bln consensus. Co issues downside guidance for Q1, sees EPS of $0.34-0.39 vs. $0.59 Capital IQ Consensus Estimate; sees Q1 revs of $1.4-1.5 bln vs. $1.61 bln Capital IQ Consensus Estimate.
Down 25%+
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