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Outlook roundup: NetApp, Semtech



By AP
21 May 2008 @ 06:26 pm EST

Among the earnings projection stories for Wednesday, May 21, from AP Financial News:

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Quotes
NTAP 12.95 -1.8
SMTC 11.18 -0.41
GYMB 28.62 -1.85
HOTT 5.37 -0.43
CTRN 12.9 -1.1

SYMBOL LOOKUP

SUNNYVALE, Calif. (AP) -NetApp Inc., a network storage company, on Wednesday issued fiscal first-quarter guidance that falls short of analyst expectations.

CAMARILLO, Calif. (AP) -Shares of Semtech Corp. rose in aftermarket electronic trading Wednesday after the chip maker forecast fiscal second-quarter income above analyst estimates.

SAN FRANCISCO (AP) -Gymboree Corp., a children's apparel retailer, on Wednesday reaffirmed second-quarter and full year guidance, predicting the current difficult retail environment will continue.

CITY OF INDUSTRY, Calif. (AP) -Teen specialty retailer Hot Topic Inc. on Wednesday said it expects to post a second-quarter loss of 2 cents to 4 cents per share.

SAVANNAH, Ga. (AP) -Apparel retailer Citi Trends Inc. on Wednesday affirmed its fiscal-year guidance after reporting first-quarter profit fell 10 percent.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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