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NetApp Inc. (NTAP) Is Losing Ground Following Q3 Report

NetApp Inc. (NTAP) reported third quarter EPS of $0.99 after the bell Wednesday, compared to $0.82 a year ago. Street expectations were for EPS of $0.91. Fourth quarter EPS is expected to be between $0.95 and $1.03. The consensus estimate is for EPS of $1.00. The stock is now down 5.41 on 275K shares.

NetApp traded to the upside for the majority of Wednesday's session and closed higher by 1.90 at $60.64.

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