NetApp (NTAP) reported fiscal Q3 non-GAAP diluted earnings Thursday of $1.91, down from $1.94 a year earlier.
Analysts polled by FactSet expected $1.91.
Revenue for the quarter ended Jan. 24 was $1.64 billion, up from $1.61 billion.
Analysts surveyed by FactSet expected $1.69 billion.
The company said it expects fiscal Q4 non-GAAP earnings of $1.84 to $1.94 per share on revenue of $1.65 billion to $1.80 billion.
Analysts surveyed by FactSet expect $2 on revenue of $1.76 billion.
Meanwhile, the company lowered its fiscal 2025 outlook. The company now expects $7.17 to $7.27 in non-GAAP earnings per share on revenue of $6.49 billion to $6.64 billion.
Previously, the company expected $7.20 to $7.40 per share on revenue of $6.54 billion to $6.74 billion.
Analysts polled by FactSet expect $7.33 on revenue of $6.65 billion.
The company also declared a quarterly dividend of $0.52 per share, payable on April 23 to shareholders of record on April 4.
Shares of NetApp were down nearly 14% in after-hours trading.
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.