NetApp (NTAP) reports earnings on Wed 8/19/15 a/h

charts before earnings

 

*** after earnings **

NetApp beats by $0.06, reports revs in-line; guides OctQ EPS above consensus, revs above consensus :

Reports Q1 (Jul) earnings of $0.29 per share, excluding non-recurring items, $0.06 better than the Capital IQ Consensus Estimate of $0.23; revenues fell 10.3% year/year to $1.34 bln vs the $1.32 bln consensus. Co issues upside guidance for Q2 (Oct), sees EPS of $0.55-0.60, excluding non-recurring items, vs. $0.46 Capital IQ Consensus Estimate; sees Q2 revs of $1.40-1.50 bln vs. $1.39 bln Capital IQ Consensus Estimate.

• NetApp clustered Data ONTAP node shipments increased 114% YoY
• All Flash FAS units grew 137% YoY; fifth consecutive quarter of triple-digit growth
• Co says $484 million was returned to shareholders in share repurchases and cash dividends.