Shares of NetApp Inc. (NTAP – Analyst Report) went down 8.1% in after-hours trading yesterday, after the company posted dismal fourth-quarter fiscal 2015 results. Also, a tepid first quarter fiscal 2016 guidance impacted the share price.
The company reported adjusted earnings (including stock-based compensation but excluding amortization and other one-time items) of 47 cents, which missed the Zacks Consensus Estimate of 55 cents. Also, adjusted earnings decreased from 71 cents reported in the year ago-quarter.
Netapp Inc. – Earnings Surprise | FindTheCompany
