NetApp (NTAP): Q2 EPS of $0.63 beats by $0.04. Revenue of $1.5B (+20.5% Y/Y) in-line
NetApp's (NTAP) FQ2: The company expects FQ3 revenue of $1.52B-$1.61B and EPS of $0.56-$0.60, below a consensus of $1.64B and $0.63. Company says it saw "unexpected weakness" in a handful of its largest accounts. Following a respectable Q3 from archrival EMC, the shortfall could raise fears of competitive pressure from EMC's VNX line. NTAP -6% AH. EMC -0.9%.
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