logo
Share SHARE
FONT-SIZE Plus   Neg

NETGEAR Q1 Profit Rises, Tops Estimates - Quick Facts

NETGEAR, Inc. (NTGR: Quote) 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
H&R Block, Inc., the largest U.S. tax preparer, said Wednesday after the markets closed that its third quarter loss narrowed sharply from last year, as revenue surged due to an earlier opening of the Internal Revenue Service's e-file system this tax season. The company's quarterly loss per share also smaller than analysts estimated, but its quarterly revenue fell short of analysts' forecast. Microsoft co-founder Paul Allen's maritime plunge took an exciting yet somber turn, after he found the wreck of a once-feared World War II Japanese battleship that met its doom by enemy torpedoes decades ago near the Philippines. A new study reveals that more large companies in the U.S. are run by men with the names John, Robert, William or James than the total number of women CEOs. For each women CEO of S&P 1500 companies there are four men CEOs named John, Robert, William or James, according to a study conducted by the New...
comments powered by Disqus
RELATED NEWS
Trade NTGR now with 
Follow RTT