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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.