Netgear Inc. (NTGR) reported fourth quarter non-GAAP EPS of $0.55 after the bell Tuesday, down from $0.69 in the prior year period. The consensus estimate was for EPS of $0.54. Net revenue was $310.4 million, compared to $309.2 million last year. The consensus estimate was for revenues of $307.7 million.
Netgear gapped open sharply lower Wednesday, but traded in a range for the majority of the session. The stock finished down by 3.19 at $33.31 on the highest volume in 6 months. Netgear dropped to a 3-month low and fell below its 200-day moving average.
by RTT Staff Writer
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