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Outlook roundup: NetApp, Semtech

By Associated Press
May 21, 2008 | Comments (0)

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

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.

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