Netgear, Inc. (NTGR) Tops Q1 EPS by 5c, Revenues Beat

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Go back to Netgear, Inc. (NTGR) Tops Q1 EPS by 5c, Revenues Beat

NETGEAR® Reports First Quarter 2020 Results

April 22, 2020 4:05 PM EDT

SAN JOSE, Calif., April 22, 2020 (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 29, 2020.

First quarter 2020 net revenue of $230.0 million, a decrease of 7.7% from the comparable prior year quarter.First quarter 2020 GAAP operating income of $0.7 million, or 0.3% of net revenue, as compared to operating income of $14.0 million, or 5.6% of net revenue, in the comparable prior year quarter.... More