NETGEAR® Reports Third Quarter 2020 Results

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Go back to NETGEAR® Reports Third Quarter 2020 Results

Netgear, Inc. (NTGR) Tops Q3 EPS by 17c, Revenues Beat

October 21, 2020 4:10 PM EDT

Netgear, Inc. (NASDAQ: NTGR) reported Q3 EPS of $0.83, $0.17 better than the analyst estimate of $0.66. Revenue for the quarter came in at $378.1 million versus the consensus estimate of $313.51 million.

Third quarter 2020 net revenue of $378.1 million, an increase of 42.2% from the comparable prior year quarter.Third quarter 2020 GAAP operating income of $32.2 million, or 8.5% of net revenue, as compared to operating income of $12.1 million, or 4.5% of net revenue, in the comparable prior year quarter.Third quarter 2020 non-GAAP operating income of $41.4 million, or 10.9% of net revenue, as compared to $20.8 million, or 7.8% of net... More