NetApp Q1 Adj. EPS $1.20 Beats $1.10 Estimate, Sales $1.59B Beat $1.55B Estimate

NetApp (NASDAQ:NTAP) reported quarterly earnings of $1.20 per share which beat the analyst consensus estimate of $1.10 by 9.09 percent. This is a 4.35 percent increase over earnings of $1.15 per share from the same period last year. The company reported quarterly sales of $1.59 billion which beat the analyst consensus estimate of $1.55 billion by 2.71 percent. This is a 9.19 percent increase over sales of $1.46 billion the same period last year.