Sun Life Financial’s latest quarter yielded results that were ahead of what Wall Street was calling for. NTAP stock plummeted 10.1% after the bell Wednesday. “We saw a solid demand environment and customer momentum, landing wins and footprint expansions with leading organizations in all geographies,” said NetApp CEO George Kurian, in prepared remarks.įor its fiscal fourth quarter, the company forecasts revenue in the range of $1.525 billion to $1.675 billion with the midpoint being $1.6 billion, ahead of the Wall Street consensus estimate of $1.56 billion.Īs far as adjusted earnings go, NetApp projects that it will earn between 95 cents and $1.03 per share, in line with analysts’ guidance of $1 per share.The company ended the quarter with $5.6 billion in cash and equivalents.
NetApp also topped estimates slightly on the revenue front as the company raked in sales of $1.52 billion, beating analysts’ expectations of $1.49 billion. The Wall Street consensus estimate called for adjusted earnings of 91 cents per share.
The software and systems services provider posted third-quarter adjusted earnings of $273 million, or 99 cents per share.
NetApp shares fell despite the company’s quarterly revenue beat. (NASDAQ: NTAP), Sun Life Financial Inc (NYSE: SLF) and Teva Pharmaceutical Industries Ltd (ADR) (NYSE: TEVA) all made headlines after hours Wednesday. equities were on a roll Wednesday following a strong Consumer Price Inflation report and a 4.1% increase from gold miner stocks.The S&P 500 Index gained 1.3%, the Dow Jones Industrial Average surged 1% and the Nasdaq Composite soared 1.9%.
Group insurance policies are issued by Sun Life Assurance Company of Canada ( Wellesley Hills, Mass.), except in New York, where policies are issued by Sun Life and Health Insurance Company (U.S.) ( Lansing, Mich.).U.S. Sun Life and its affiliates in asset management businesses in the U.S. includes disability, absence management, life, dental, vision, voluntary and medical stop-loss. Sun Life's broad portfolio of insurance products and services in the U.S. In the United States, Sun Life is one of the largest group benefits providers, serving more than 60,000 employers in small, medium and large workplaces across the country. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF. For more information, please visit Sun Life Financial Inc. As of September 30, 2021, Sun Life had total assets under management of C$1.39 trillion. Sun Life has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. Sun Life is a leading international financial services organization providing insurance, wealth and asset management solutions to individual and corporate Clients. services may not be available for all Sun Life Dental plans or in all states where Sun Life dental coverage is sold. services are now available to Sun Life Dental PPO plan members. We are proud to partner with Sun Life to help support their members with a virtual dentist anytime they need one." "Our team of dentists is ready to help with a virtual consultation, prescribe medications as appropriate and refer patients to a local in-network dentist for regular care. " is dedicated to improving access to dental care," said Dr.
By accessing a dental professional any time virtually, members can get the care they need at the right time and may reduce their costs, especially in cases of emergency when the only alternative may be an ER visit. Consultation results are communicated to the member's dental provider for follow-up care. With easy-to-navigate virtual access, members who need a dental consultation can get one quickly from a dentist, and get referred for definitive care if necessary. "We are thrilled to partner with to make dental benefits and urgent dental care more accessible, and meet our members where they are." "Oral health is part of overall health, and we are committed to helping our members get the right care when they need it, whether for regular preventive care visits or emergencies," said Joi Tillman, vice president of Voluntary, Dental and Vision at Sun Life U.S.