Shares of data storage company NetApp (NTAP) plummeted 5.21% in after-hours trading on Thursday, following the release of its fiscal Q3 2025 earnings results.
The company reported revenue of $1.64 billion for the quarter, falling short of analyst expectations of $1.69 billion. While NetApp's adjusted earnings per share of $1.91 matched estimates, the disappointing top-line figure appeared to weigh on the stock in extended trading.
NetApp delivered net income of $299 million for Q3. However, the revenue miss likely spooked investors and raised concerns around the company's growth trajectory heading into the rest of fiscal 2025.
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