Feb 27 (Reuters) - NetApp ( NTAP ) lowered its revenue
and profit forecast for fiscal year 2025 on Wednesday, hurt by
diminishing demand for its data storage services.
The shares of the San Jose, California-based company fell
12% in extended trading.
The company now expects 2025 adjusted earnings per share
between $7.17 and $7.27, compared with its prior forecast of
$7.20 to $7.40.
It also lowered its revenue forecast to between $6.49
billion and $6.64 billion, compared with prior expectations of
$6.54 billion to $6.74 billion.