Netgear, Inc. (NTGR) Tops Q2 EPS by 12c

Netgear, Inc. (NASDAQ: NTGR) reported Q2 EPS of $0.72, $0.12 better than the analyst estimate of $0.60. Revenue for the quarter came in at $311.7 million versus the consensus estimate of $298.87 million.

Patrick Lo, Chairman and Chief Executive Officer of NETGEAR, commented, “We were pleased with our financial results for the second quarter of 2016, which came in higher than we had expected in revenue and non-GAAP operating margin. The Retail Business Unit and Commercial Business Unit both outperformed expectations by posting sequential growth despite typically slower second quarter seasonality. Overall, our financial results reinforce that the Company is on a strong trajectory in 2016.”

Mr. Lo continued, “During the quarter we once again saw continued strength in North America, slight year-over-year growth in APAC, while EMEA continued to be challenged, primarily due to significantly reduced service provider revenue."

GUIDANCE:

Netgear, Inc. sees Q3 2016 revenue of $315-330 million, versus the consensus of $322 million.

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

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