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NetApp Inc Issues Q1 2013 Guidance Below Analysts' Estimates
NetApp Inc announced that for the first quarter of 2013, it expects revenue to be in the range of $1.40 billion to $1.50 billion, GAAP earnings per share (EPS) will be approximately $0.10 to $0.15 per share and non-GAAP earnings per share (EPS) will be approximately $0.34 to $0.39 per share. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $1.61 billion and EPS of $0.59 for the first quarter of 2013.
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