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KBC Group NV sold shares in data storage company NetApp, which beat earnings expectations despite the sale.
KBC Group NV reduced its holdings in NetApp, Inc., a data storage company, by 1.6% during the first quarter, selling 14,614 shares and now owning 876,419 shares valued at $76.98 million.
NetApp beat earnings expectations, reporting $1.93 per share, and had a revenue of $1.73 billion.
The company's performance and recent acquisitions by investment firms reflect its growing importance in data storage.
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KBC Group NV vendió acciones de la compañía de almacenamiento de datos NetApp, que superaron las expectativas de ganancias a pesar de la venta.