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
Target Corp. said it now plans to remodel more of its existing supercenters and open smaller stores in cities, aiming to win back shoppers in the highly competitive retail world. By the end of 2020, the company plans to remodel more than 1,000 of its 1,800 existing stores. Senate Republicans appear poised to approve a budget resolution that will serve as the legislative vehicle for their tax reform plan. The non-binding budget resolution unlocks the reconciliation process, allowing Republicans to pass their tax reform plan with a simple 51-vote majority in the Senate. President Donald Trump intends to nominate antitrust attorney Joseph Simons as chairman of the Federal Trade Commission, the White House announced on Thursday. Simons, who served as an FTC official under President George W. Bush, is currently a partner and co-chair of the antitrust group at law firm Paul Weiss.
comments powered by Disqus
Follow RTT