NetApp beats by $0.15, reports revs in-line; guides Q3 EPS below consensus, revs below consensus; guides FY23 EPS in-line, revs below consensus
- Reports Q2 (Oct) earnings of $1.48 per share, excluding non-recurring items, $0.15 better than the S&P Capital IQ Consensus of $1.33; revenues rose 6.2% year/year to $1.66 bln vs the $1.67 bln S&P Capital IQ Consensus.
- Co issues downside guidance for Q3, sees EPS of $1.25-1.35, excluding non-recurring items, vs. $1.44 S&P Capital IQ Consensus; sees Q3 revs of $1.525-1.675 bln vs. $1.71 bln S&P Capital IQ Consensus.
- Co issues guidance for FY23, sees EPS of $5.30-5.50, excluding non-recurring items, vs. $5.50 S&P Capital IQ Consensus; sees FY23 revs of +2-4% yr/yr, implying $6.44-6.57 bln vs. $6.76 bln S&P Capital IQ Consensus.
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