Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

NETGEAR Q1 Profit Rises, Tops Estimates - Quick Facts

RELATED NEWS
Trade NTGR now with 

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.

Click here to receive FREE breaking news email alerts for NetGear Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
After moving sharply higher at the open, stocks have seen further upside over the course of the trading day on Thursday. The strong upward move on the day has more than offset the pullback that was seen in the previous session. Suggesting moderate growth in the short-term, the Conference Board released a report on Thursday showing that its index of leading U.S. economic indicators rose by more than economists had anticipated in the month of September. Eurozone's consumer confidence improved unexpectedly in October after weakening in the previous four months, preliminary data from the European Commission showed Thursday. The flash consumer confidence indicator rose to -11.1 from a seven-month low of -11.4 in September. Economists had forecast a...
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.