NetApp (NASDAQ:NTAP) Fiscal Q4 Adjusted Earnings Rise While Sales Drop; Sets Q1, Full-Year Outlook

NetApp (NASDAQ:NTAP) reported fiscal Q4 adjusted earnings  of $1.54 per diluted share, up from $1.42 a year earlier. Analysts polled by Capital IQ expected $1.34. Revenue for the quarter ended April 28 was $1.58 billion, down from $1.68 billion a year earlier. Analysts surveyed by Capital IQ expected $1.54 billion. The data management company said it expects fiscal Q1 adjusted EPS of $1.00 to $1.10 on revenue of $1.33 billion to $1.48 billion. Analysts polled by Capital IQ are looking for adjusted EPS of $1.20 and revenue of $1.46 billion. NetApp said it expects fiscal 2024 adjusted EPS of $5.65 to $5.85. Analysts polled by Capital IQ are looking for $5.40. Revenue for the current fiscal year is projected to be down in the low-to-mid single digit percentage.

NetApp (NASDAQ:NTAP) Fiscal Q4 Adjusted Earnings Rise While Sales Drop; Sets Q1, Full-Year Outlook Read Post »

Dollar General (NYSE:DG) Fiscal Q1 Earnings Drop While Sales Rise; Lowers Fiscal 2023 Outlook

Dollar General (NYSE:DG) reported fiscal Q1 earnings  of $2.34, down from $2.41 a year earlier. Analysts polled by Capital IQ expected $2.39. Net sales for the quarter ended May 5 were $9.34 billion, up from $8.75 billion a year earlier. Analysts surveyed by Capital IQ expected $9.46 billion. The retailer’s same-store sales increased 1.6% in fiscal Q1. Analysts polled by Capital IQ expected an increase of 3.8%. Dollar General said it now expects fiscal 2023 EPS to be in the range of 8% decline to flat, compared with its previous projection of 4% to 6% growth. Net sales for the fiscal year are now projected to grow 3.5% to 5%, down from 5.5% to 6% previously, the company said. The company said its guidance assumes no share buybacks in 2023, as compared with its prior expectation of $500 million in share buybacks. Dollar General said it now expects to implement

Dollar General (NYSE:DG) Fiscal Q1 Earnings Drop While Sales Rise; Lowers Fiscal 2023 Outlook Read Post »

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