NetApp names interim CFO, reaffirms third-quarter earnings outlook

NetApp Inc. late Wednesday said Chief Financial Officer Nick Noviello is leaving the company to pursue other opportunities and that it has named Jeffrey Bergmann, vice president of corporate finance, as interim CFO. The storage and data management solutions company also reaffirmed its third-quarter revenue outlook of $1.4 billion to $1.5 billion. It also maintained its earnings-per-share forecast of 47 cents to 52 cents and adjusted EPS target of 66 cents to 71 cents. Analysts surveyed by FactSet are projecting third-quarter adjusted EPS of 68 cents and revenue of $1.45 billion. The company is scheduled to announce its quarterly results on Feb. 17. NetApp shares were flat in after hours after falling 2.1% in the regular session.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Leave a Reply