04:24 PM EST, 02/27/2025 (MT Newswires) -- 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 ( NTAP ) were down nearly 14% in after-hours trading.