NTAP Search Earning

NetApp Inc

NTAP

NetApp soared 10.3% to $86.11 after the intelligent data infrastructure company reported better-than-expected quarterly results.

Revenue in the fiscal third quarter ending in October decreased 6% to $1.56 billion from $1.66 billion, and billings declined 9% to $1.45 billion from $1.60 billion a year ago.

Net income plunged to $233 million from $750 million, and diluted earnings per share dropped to $1.10 from $3.41 a year ago.

During the quarter, the company returned $403 million to stockholders through stock repurchases and cash dividends.

For the fiscal year 2024 third quarter, the company estimated revenue in the range of $1.51 billion and $1.67 billion and diluted earnings per share in the range of $1.17 billion and $1.27 billion.

For the full year 2024, the cloud infrastructure company estimated revenue to decline 2% from a year ago, gross margin of 70%, and earnings per share between $4.15 and $4.35 a share.

The company also declared a dividend of 50 cents per share to be paid on January 24, 2024, to shareholders on record on January 5, 2024.
Nov 29, 2023

Year	Jul	Oct	Jan	Apr	Annual

2023	0.30	1.12	0.69	1.10	-
2022	1.1	1.13	0.96	3.41	5.79
2021	0.8	1.47	0.88	0.98	4.09
2020	1.21	0.86	0.35	0.61	3.23
2019	0.98	1.57	0.42	1.03	3.52
2018	-1.79	0.97	1.05	0.91	4.51
2017	0.72	0.72	0.52	0.70	2.66
2016	0.52	0.36	0.28	0.42	1.58
2015	0.60	0.47	0.04	0.45	1.56
2014	0.27	0.49	0.55	0.57	1.83
2013	0.23	0.48	0.43	0.47	1.37
2012	0.17	0.30	0.32	0.48	1.58
2011	0.34	0.44	0.46	0.40	1.71
2010	0.40	0.45	0.30	0.41	1.13
2009	0.15	0.27	-0.25	0.21	0.19
2008	0.10	0.13	0.29	0.25	0.86
2007	0.09	0.23	0.17	0.24	0.77
2006	0.14	0.22	0.20	0.15	0.69
2005	0.16	0.18	0.16	0.15	0.59