NetGear Inc. Announces 12% Fall In Q1 Earnings

(RTTNews) - NetGear Inc. (NTGR) reported a profit for first quarter that dropped from last year.

The company said its earnings came in at $21.69 million, or $0.64 per share. This was down from $24.61 million, or $0.74 per share, in last year's first quarter.

Analysts had expected the company to earn $0.62 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 4.3% to $323.665 million. This was up from $310.26 million last year.

NetGear Inc. earnings at a glance:

-Earnings (Q1): $21.69 Mln. vs. $24.61 Mln. last year. -Earnings Decline (Y-o-Y): -11.9% -EPS (Q1): $0.64 vs. $0.74 last year. -EPS Decline (Y-o-Y): -13.5% -Analysts Estimate: $0.62 -Revenue (Q1): $323.665 Mln vs. $310.26 Mln last year. -Revenue Change (Y-o-Y): 4.3%

-Guidance: Next quarter revenue guidance: $315 - $330 Mln