(Reuters) - Shares of Network Appliance fell more than 17 percent in
extended trading following the earnings report after closing up
22 cents at $38.06 in regular-session trading on Nasdaq.
The company said it expects fiscal first-quarter revenue to
decline 6 percent to 7 percent from the fourth quarter after
large U.S. corporations cut spending in March, Chief Executive
Dan Warmenhoven said in an interview.
Read more at Reuters.com Market News
extended trading following the earnings report after closing up
22 cents at $38.06 in regular-session trading on Nasdaq.
The company said it expects fiscal first-quarter revenue to
decline 6 percent to 7 percent from the fourth quarter after
large U.S. corporations cut spending in March, Chief Executive
Dan Warmenhoven said in an interview.
Read more at Reuters.com Market News
No comments:
Post a Comment