NetGear Inc. Profit Advances 51% In Q1

(RTTNews) - NetGear Inc. (NTGR) revealed earnings for its first quarter that increased compared to the same period last year.

The company said its bottom line rose to $24.61 million, or $0.74 per share. This was higher than $16.30 million, or $0.46 per share, in last year's first quarter.

Analysts had expected the company to earn $0.60 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 0.4% to $310.26 million. This was up from $309.16 million last year.

NetGear Inc. earnings at a glance:

-Earnings (Q1): $24.61 Mln. vs. $16.30 Mln. last year. -Earnings Growth (Y-o-Y): 51.0% -EPS (Q1): $0.74 vs. $0.46 last year. -EPS Growth (Y-o-Y): 60.9% -Analysts Estimate: $0.60 -Revenue (Q1): $310.26 Mln vs. $309.16 Mln last year. -Revenue Change (Y-o-Y): 0.4%

-Guidance: Next quarter revenue guidance: $290 - $305 Mln