NetApp sticks with full-year forecast amid ‘challenging macroeconomic environment’

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NetApp sticks with full-year forecast amid ‘challenging macroeconomic environment’
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Cloud-services provider NetApp Inc. on Wednesday forecast second-quarter profit and sales that came in above expectations, but the company stuck with its...

Cloud-services provider NetApp Inc.

on Wednesday forecast second-quarter profit and sales that came in above expectations, but the company stuck with its full-year profit outlook amid a “challenging macroeconomic environment” still marked by pockets of cautious tech spending. The company forecast second-quarter adjusted earnings per share of $1.35 to $1.45, on sales of $1.455 billion to $1.605 billion, with the midpoint of both forecasts above FactSet estimates of $1.38 per share and $1.51 billion.

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