Netgear, Inc. (NTGR) Tops Q3 EPS by 13c

Netgear, Inc. (NASDAQ: NTGR) reported Q3 EPS of $0.81, $0.13 better than the analyst estimate of $0.68. Revenue for the quarter came in at $355.5 million versus the consensus estimate of $349.36 million.

GUIDANCE:

Netgear, Inc. sees Q4 2017 revenue of $375-390 million.

"Christine Gorjanc, Chief Financial Officer of NETGEAR, added, "Looking forward to the fourth quarter of 2017, we expect net revenue to be in the range of $375 million to $390 million. GAAP operating margin is expected to be in the range of 4.8% to 5.8% and non-GAAP operating margin is expected to be in the range of 7.0% to 8.0%. Our GAAP tax rate is expected to be approximately 35.0% and our non-GAAP tax rate is expected to be 33.0% for the fourth quarter of 2017.”"

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

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