
NetApp, Inc. reported its third-quarter earnings for fiscal year 2025, revealing net revenues of $1.64 billion, a slight increase from $1.61 billion in the same quarter last year, but below analysts' expectations of $1.694 billion. The company's net income stood at $299 million, with an adjusted earnings per share (EPS) of $1.91, aligning with estimates. However, NetApp's guidance for the fourth quarter suggests an adjusted EPS range of $1.84 to $1.94, lower than the expected $1.99, and a revenue forecast of $1.65 billion to $1.8 billion, which also falls short of the $1.763 billion estimate. Additionally, for the full fiscal year 2025, NetApp anticipates adjusted EPS between $7.17 and $7.27, compared to the $7.32 estimate, and net revenues between $6.49 billion and $6.64 billion, reflecting a 5% growth at the midpoint. The company's stock is facing pressure, with a reported pre-market decline of approximately 15%. Other companies reporting earnings include Dell Technologies and Autodesk, with Dell's stock dropping 4% due to light revenue, despite surpassing EPS expectations and announcing a $10 billion increase to its share buyback program.
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