(NetApp earnings story updated to reflect more details about the leak and price change)
NetApp shares have tumbled 6.5% to $49.25 in a stark reversal of the stock's advances this morning on positive analyst views on its prospects.
According to market intelligence provider StreetAccount and CNBC, NetApp's second-quarter earnings were leaked before the company was able to make its own announcement after the market close Wednesday.A copy of the presumed leaked income statement, according to StreetAccount, indicates that the company will be reporting earnings of about 52 cents a share, topping the Wall Street consensus estimate of 49 cents a share, if comparable. The supposed leaked statement shows revenue of $1.21 billion vs. the $1.19 billion consensus target, according to StreetAccount. Numerous media outlets have reported the company's earnings ahead of NetApp before the closing bell, subsequent to the leak. -- Written by Andrea Tse in New York.
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