NetApp Inc. shares jumped in the extended session Wednesday after the company beat fiscal second-quarter earnings and sales expectations. NetApp shares rose 4.6% to $47.96 after hours. The company reported second-quarter net income of $175 million, or 64 cents a share, compared with $109 million, or 38 cents a share, in the year-ago period. Adjusted earnings were 81 cents a share. Revenue rose to $1.42 billion from $1.34 billion in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of 69 cents a share on revenue of $1.38 billion. For the third fiscal quarter, analysts model earnings of 85 cents a share on revenue of $1.44 billion. Executives said that they expected fiscal third-quarter earnings of between $1.18 and $1.26 a share on sales of between $1.43 billion and $1.56 billion. NetApp stock has gained 30% this year, with the S&P 500 index rising 15%.
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