NETGEAR® Reports First Quarter 2019 Results

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Go back to NETGEAR® Reports First Quarter 2019 Results

Netgear, Inc. (NTGR) Tops Q1 EPS by 11c, Revenues Beat; Lowers 2Q Revenue Outlook Below Consensus

April 24, 2019 4:39 PM EDT

Netgear, Inc. (NASDAQ: NTGR) reported Q1 EPS of $0.60, $0.11 better than the analyst estimate of $0.49. Revenue for the quarter came in at $249.1 million versus the consensus estimate of $244.3 million.

First quarter 2019 net revenue of $249.1 million, an increase of 1.6% from the comparable prior year quarter.First quarter 2019 GAAP operating income of $14.0 million, or 5.6% of net revenue, as compared to $1.5 million, or 0.6% of net revenue, in the comparable prior year quarter. First quarter 2019 non-GAAP operating income of $22.7 million, or 9.1% of net revenue, as compared to $10.4 million, or 4.3% of net revenue in the comparable prior... More