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NetApp Climbs Off Worst Levels But Remains Firmly Negative

After gapping open sharply lower, shares of NetApp (NTAP) have climbed well off their worst levels but remain firmly negative in late-day trading on Thursday. NetApp is currently down by 5.2 percent after hitting a three-month intraday low.

The steep drop by NetApp comes after the data storage company reported a fiscal third quarter net loss due to a one-time charge. The company's adjusted earnings beat estimates.

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