NetApp Q3 Net Beats Expectations

NetApp has reported results for its fiscal Q3 2013 that compare favorably with last year. For the quarter, non-GAAP net income was $243 million ($0.67 per share) on $1.63 billion. In Q3 2012, the company netted $216 million ($0.58 EPS) on $1.57 billion in revenue.

Analysts were expecting $1.63 billion and EPS of $0.56 for this most recent quarter.

The company also provided forward guidance for its Q4. It expects to post revenue of $1.7 billion to $1.8 billion in the period, with EPS coming in at $0.65 to $0.70. That is broadly in line with analyst projections of $1.75 billion and $0.65, respectively.

The article NetApp Q3 Net Beats Expectations originally appeared on Fool.com.

Fool contributor Eric Volkman and The Motley Fool have no position in NetApp. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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