Netgear, Inc. (NASDAQ: NTGR) reported Q4 EPS of $0.83, $0.17 better than the analyst estimate of $0.66. Revenue for the quarter came in at $360.9 million versus the consensus estimate of $345.53 million.

GUIDANCE:

Netgear, Inc. sees Q1 2016 revenue of $290-305 million, versus the consensus of $326.4 million.

Patrick Lo, Chairman and Chief Executive Officer of NETGEAR, commented, “Our financial results for the fourth quarter of 2015 exceeded expectations, driven by the strength of our retail business during the holiday season. The Retail Business Unit had another all-time record quarter in sales, again led by our Nighthawk and Arlo product lines. Both product lines continue to drive up average selling prices for NETGEAR's retail business, and led to an impressive 33.6% year-over-year increase in revenue for the Retail Business Unit in Q4. Meanwhile, we saw healthy end market demand for our commercial products during Q4. We continued to see lower channel inventory among our distributors as our online presence grows and we believe that CBU is well positioned for success in 2016.”

Mr. Lo continued, “We are also taking definitive steps to realign resources within the Service Provider Business Unit to reflect a previously announced reduced revenue outlook for 2016. Our efforts in the service provider market continue to be focused on delivering premium advanced technology products and driving profitability."

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