NETGEAR® Reports Second Quarter 2019 Results
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Netgear, Inc. (NTGR) Tops Q2 EPS by 3c, Revenues Beat; Offers Q3 Revenue Mid-Point Guidance Above Consensus
July 24, 2019 4:25 PM EDTNetgear, Inc. (NASDAQ: NTGR) reported Q2 EPS of $0.28, $0.03 better than the analyst estimate of $0.25. Revenue for the quarter came in at $230.9 million versus the consensus estimate of $224.35 million.
Second quarter 2019 net revenue of $230.9 million, a decrease of 9.6% from the comparable prior year quarter.Second quarter 2019 GAAP operating income of $0.3 million, or 0.1% of net revenue, as compared to net loss of $0.1 million, or (0.0%) of net revenue, in the comparable prior year quarter. Second quarter 2019 non-GAAP operating income of $10.0 million, or 4.4% of net revenue, as compared to $10.5 million, or 4.1% of net revenue in the... More