Netgear, Inc. (NTGR) Tops Q1 EPS by 14c

Netgear, Inc. (NASDAQ: NTGR) reported Q1 EPS of $0.74, $0.14 better than the analyst estimate of $0.60. Revenue for the quarter came in at $310.3 million versus the consensus estimate of $298.59 million.

Patrick Lo, Chairman and Chief Executive Officer of NETGEAR, commented, “We were pleased with our financial results for the first quarter of 2016, which came in slightly above the high end of our guidance for revenue and significantly above our guidance for operating margin. The Retail Business Unit and Commercial Business Unit both met our expectations, while the Service Provider Business Unit's revenue came in above what we had expected. Overall, our first quarter results reflect a strong start to the year for the Company.”

Mr. Lo continued, “During the quarter we saw continued strength in North America, positive year-over-year and sequential growth in APAC, while EMEA was challenged primarily due to the step down in Service Provider revenue."

For earnings history and earnings-related data on Netgear, Inc. (NTGR) click here.

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