Plus   Neg

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Galaxy Entertainment Group (WYNN) Friday announced that it has agreed to purchase 5.3 million primary shares of Wynn Resorts Ltd. at a price of $175 a share, resulting in $927.50 million of gross proceeds to Wynn Resorts. The two sale, combined with a previous sale effectively eliminate ownership of founder and former CEO Steve Wynn in Wynn Resorts. Starbucks wants to be more efficient but it is risking the fragile loyalty of its most devoted customers. The ubiquitous chain plans a major push to get coffee lovers to use its mobile app to place their orders, but regulars prefer to buy their lattes by waiting in the queue. According to reports,... Taco Bell, the Mexican fast-food chain owned by Yum Brands Inc. (YUM), Thursday said it will start selling tortilla chips in grocery and convenience stores starting May. The chips will be available in Fire and Mild sauce packet flavors and also in a Classic flavor. "This launch of our first line...
comments powered by Disqus
Follow RTT