NETGEAR® Reports Third Quarter 2019 Results

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Go back to NETGEAR® Reports Third Quarter 2019 Results

Netgear, Inc. (NTGR) Tops Q3 EPS by 5c, Revenues Miss; Offers Q4 Revenue Guidance Below Consensus

October 23, 2019 4:31 PM EDT

Netgear, Inc. (NASDAQ: NTGR) reported Q3 EPS of $0.65, $0.05 better than the analyst estimate of $0.60. Revenue for the quarter came in at $265.9 million versus the consensus estimate of $272.22 million.

Third quarter 2019 net revenue of $265.9 million, a decrease of 1.3% from the comparable prior year quarter.Third quarter 2019 GAAP operating income of $12.1 million, or 4.5% of net revenue, as compared to $19.9 million, or 7.4% of net revenue, in the comparable prior year quarter.Third quarter 2019 non-GAAP operating income of $20.8 million, or 7.8% of net revenue, as compared to $28.3 million, or 10.5% of net revenue in the... More