NetApp (NTAP) Surpasses Q1 Earnings and Revenue Estimates

NetApp reported quarterly earnings of $2.58 per share, beating consensus estimates of $2.13 and representing a 21.13% earnings surprise. The company also exceeded revenue expectations with $2.03 billion, up from $1.56 billion year-over-year. NetApp has outperformed the S&P 500 by 71% year-to-date and holds a Zacks Rank #2 (Buy) rating. UiPath is expected to report results on September 3 with flat earnings expectations of $0.15 per share but 9.9% revenue growth anticipated.