NetApp Inc. (NTAP) reported fourth quarter non-GAAP net income of $0.66 per share after the bell Wednesday, compared to $0.59 per share in the previous year. The consensus estimate was for EPS of $0.63. First quarter non-GAAP EPS is expected to be between $0.34 and $0.39, compared to the consensus estimate of $0.59.
NetApp gapped open sharply lower Thursday, but traded in a range throughout the session. The stock closed down by 4.04 at $28.82 on the highest volume of the year. NetApp has been losing ground since early April and sank to a new low for the year.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.