Netgear, Inc. (NTGR) Tops Q4 EPS by 5c, offers outlook

Netgear, Inc. (NASDAQ: NTGR) reported Q4 EPS of $0.09, $0.05 better than the analyst estimate of $0.04. Revenue for the quarter came in at $188.7 million versus the consensus estimate of $185.14 million.

Business Outlook

The company expects first quarter net revenue to be in the range of $155 million to $170 million, versus the consensus of $176.8 million.
Accordingly, the company expects first quarter GAAP operating margin to be in the range of (11.4)% to (8.4)%, and non-GAAP operating margin to be in the range of (8.5)% to (5.5)%. GAAP tax expense is expected to be in the range of $6.5 million to $7.5 million, and non-GAAP tax benefit is expected to be in the range of $0.0 to $1.0 million for the first quarter of 2024.

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

You May Also Be Interested In

• onsemi downgraded by TD Cowen after Synaptics deal clouds growth story
• Benchmark Reiterates Buy Rating on Kura Sushi USA Inc. (KRUS) Ahead of Q3 Print
• Bernstein SocGen on Darden Restaurants (DRI): 'Story Intact'