NetGear Inc. (NTGR) released Loss for its second quarter that increased from the same period last year and beat the Street estimates.
The company's earnings totaled -$45.175 million, or -$1.56 per share. This compares with -$8.587 million, or -$0.29 per share, in last year's second quarter.
Excluding items, NetGear Inc. reported adjusted earnings of -$21.443 million or -$0.74 per share for the period.
Analysts on average had expected the company to earn -$0.81 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 17.0% to $143.900 million from $173.413 million last year.
NetGear Inc. earnings at a glance (GAAP) :
-Earnings (Q2): -$45.175 Mln. vs. -$8.587 Mln. last year.-EPS (Q2): -$1.56 vs. -$0.29 last year.-Revenue (Q2): $143.900 Mln vs. $173.413 Mln last year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.