Netgear, Inc. (NTGR) Tops Q2 EPS by 6c, Revenues Beat

Netgear, Inc. (NASDAQ: NTGR) reported Q2 EPS of $0.57, $0.06 better than the analyst estimate of $0.51. Revenue for the quarter came in at $3.66 million versus the consensus estimate of $350.6 million.

Patrick Lo, Chairman and Chief Executive Officer of NETGEAR, commented, "We had an excellent second quarter in 2018, driven by Arlo, Orbi, the Nighthawk Pro Gaming Router, cable modems and gateways, and our SMB switches. As a result our net revenue for the quarter came in well above the revenue guidance range provided. We are also excited to see year-over-year revenue growth in all three segments for Q2, which drove 10.9% topline growth for NETGEAR overall."

Mr. Lo continued, "We continue to focus on the successful separation of the Arlo business from NETGEAR, as well as driving our subscription services strategy for all three segments."

Christine Gorjanc, Chief Financial Officer of NETGEAR, added, "During the second quarter of 2018, we used cash flow from operations of $16.9 million, which brings our total cash flow generated over the trailing twelve months to $124.2 million."

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

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