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NetApp Inc. (NTAP) Is Sharply Lower After 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.

NetApp gapped open sharply lower Thursday morning and is now down 8.07 at $52.57 on above average volume. The stock has dropped to nearly a 3-month low.

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