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NetApp lowers annual revenue, profit forecast
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NetApp lowers annual revenue, profit forecast
Feb 27, 2025 1:39 PM

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.

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