Netgear, Inc. (NTGR) Tops Q1 EPS by 11c, Revenues Beat; Lowers 2Q Revenue Outlook Below Consensus
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NETGEAR® Reports First Quarter 2019 Results
April 24, 2019 4:01 PM EDTSAN JOSE, Calif., April 24, 2019 (GLOBE NEWSWIRE) -- NETGEAR, Inc. (NASDAQ: NTGR), a global networking company that delivers innovative networking and Internet connected products to consumers and businesses, today reported financial results for the first quarter ended March 31, 2019.
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... More