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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