NetApp Inc. (NTAP) Earnings Beats Expectations

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HFA Staff
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NetApp Inc. (NASDAQ:NTAP) released its earnings numbers for the second quarter in its financial 2014 this afternoon after the bell was rung on Wall Street. The company showed earnings of 66 cents for the three months. Revenue came in at $1.55 billion for the period. On today’s market stock in NetApp trended strongly up in anticipation of these earnings numbers the firm’s shares ended the day at $41.29. Analysts following NetApp Inc. (NASDAQ:NTAP) were looking for consensus earnings of 63 cents per share from the storage provider. The consensus numbers were calculated by a Bloomberg survey. The same group of analysts…

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The post above is drafted by the collaboration of the Hedge Fund Alpha Team.