Storage technology firm NetApp, which operates a large campus in RTP, beat Street expectations of earnings but missed just a bit on revenue in its earnings report Wednesday after the markets closed.
However, its forecast is not what analysts expected.
NetApp (Nasdq: NTAP), which earlier this year announced major expansion plans at its RTP campus, reported revenues of $1.54 billion for the recently closed quarter.
Analysts had expected $1.55 billion, according to MarketWatch.
Earnings were 70 cents, one cent higher than forecast.
Looking ahead, however, NetApp guidance calls for earnings of 74-79 cents per share on revenue of $1.56-$1.66 billion.
FactSet analysts’ poll expected 80 cents in earnings and $1.62 in revenue, MarketWatch noted.
We are pleased with our performance in the second quarter with revenue and non-GAAP EPS coming in above the mid-point of our guidance range,” said Tom Georgens, chairman and CEO of NetApp, in a statement.
“We have dramatically expanded the NetApp portfolio at an unprecedented pace. Our best of breed solutions not only solve the challenges enterprises face today, but ensure a seamless path to the hybrid cloud that enables customers to effectively manage their data across multiple cloud resources.”
