logo
Share SHARE
FONT-SIZE Plus   Neg

NETGEAR Q1 Profit Rises, Tops Estimates - Quick Facts

NETGEAR, Inc. (NTGR) reported net income for the first quarter of $25.1 million or $0.65 per share, compared to $21.2 million or $0.57 per share in the year-ago quarter.

Adjusted earnings for the quarter were $28.1 million or $0.73 per share, up from $24.2 million or $0.65 per share last year. On average, 8 analysts polled by Thomson Reuters expected earnings of $0.68 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue for the quarter grew to $325.62 million from $278.82 million in the comparable quarter last year, while eight Street analysts had a consensus revenue estimate of $318.55 million.

Non-GAAP operating margin was 12.5% in the first quarter of 2012, as compared to 12.6% in the first quarter of 2011.

For the second quarter, the company expects net revenue in the range of $315 million to $330 million, with non-GAAP operating margin in the range of 11 to 12 percent. The Street expect revenues for the second quarter of $320.33 million.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
They say there's plenty of fish in the sea, but very few of them are as wealthy as these tycoons. May be they have been so busy building their empires they never had the time to stick with a perfect partner to build their family. This list of the richest singles is assorted — from a 34 year-old... Anthony Levandowski, the head of Uber's self-driving division, is stepping away from his role as Uber continues a legal battle with Waymo, Levandowski's former employer. Levandowski, who founded startup Otto, became head of Uber's Advanced Technologies Group or ATG after Otto was acquired by Uber in August 2016. Southwest Airlines Co. has decided to end the practice of overbooking flights, the airline's CEO Gary Kelly said Thursday. The airline's plan to end overbooking could be implemented from May 8, according to a Southwest spokeswoman.
comments powered by Disqus
Follow RTT