04:19 PM EDT, 08/28/2024 (MT Newswires) -- NetApp ( NTAP ) reported fiscal Q1 non-GAAP earnings late Wednesday of $1.56 per diluted share, up from $1.15 a year earlier.

Analysts polled by Capital IQ expected $1.45.

Net revenue for the quarter ended July 26 was $1.54 billion, up from $1.43 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.53 billion.

The company said it expects fiscal Q2 non-GAAP EPS between $1.73 and $1.83 and net revenue between $1.57 billion and $1.72 billion. Analysts polled by Capital IQ expect $1.71 and $1.63 billion.

The company revised its fiscal 2025 guidance of non-GAAP EPS to between $7 and $7.20 on net revenue between $6.48 billion to $6.68 billion. The company previously expected non-GAAP EPS of $6.80 and $7.00 and net revenue between $6.45 billion and $6.65 billion.

Analysts surveyed by Capital IQ expect $6.89 and $6.55 billion, respectively.

Shares of NetApp ( NTAP ) were up 2% in after-hours trading.

Price: 134.50, Change: +2.59, Percent Change: +1.96