NETGEAR® Reports First Quarter 2020 Results

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Go back to NETGEAR® Reports First Quarter 2020 Results

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

April 22, 2020 4:09 PM EDT

Netgear, Inc. (NASDAQ: NTGR) reported Q1 EPS of $0.21, $0.05 better than the analyst estimate of $0.16. Revenue for the quarter came in at $230 million versus the consensus estimate of $214.4 million.

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. First quarter 2020 non-GAAP operating income of $8.2 million, or 3.6% of net revenue, as compared to $22.7 million, or 9.1% of net revenue in... More