NetApp beats by $0.08, reports revs in-line; guides Q4 EPS above consensus, revs in-line (38.93 -0.59)
- Reports Q3 (Jan) earnings of $0.82 per share, $0.08 better than the Capital IQ Consensus of $0.74; revenues rose 1.3% year/year to $1.4 bln vs the $1.39 bln Capital IQ Consensus.
- All-flash array annualized net revenue run rate almost $1.40 billion, up 160% year-over-year.
- Nearly 300 petabytes of flash shipped.
- Co issues guidance for Q4, sees EPS of $0.79-0.84 vs. $0.77 Capital IQ Consensus Estimate; sees Q4 revs of $1.365-1.515 bln vs. $1.4 bln Capital IQ Consensus Estimate.
- "Q3 marked another quarter of strong execution by NetApp," said George Kurian, chief executive officer. "The transformation of NetApp is yielding solid results and has changed the trajectory of our business. With our industry-leading portfolio of solutions and Data Fabric strategy, NetApp is well positioned to lead in the next era of IT."