Netgear, Inc. (NTGR) Tops Q1 EPS by 2c, Offers Q2 Guidance

Netgear, Inc. (NASDAQ: NTGR) reported Q1 EPS of $0.64, $0.02 better than the analyst estimate of $0.62. Revenue for the quarter came in at $323.7 million versus the consensus estimate of $309.48 million.

GUIDANCE:

Netgear, Inc. sees Q2 2017 revenue of $315-330 million, versus the consensus of $322.5 million.

• with GAAP operating margin in the range of 5.3% to 6.3% and non-GAAP operating margin in the range of 8.0% to 9.0%. Additionally, the Company expects the GAAP tax rate to be approximately 37.0% and non-GAAP tax rate to be approximately 34.5%.

Board authorizes incremental repurchase of up to 3,000,000 shares.

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

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