Netgear Q1 Profit Shrinks - Quick Facts

(RTTNews) - Netgear Inc. (NTGR) Thursday reported first-quarter profit of $14.4 million or $0.39 per share, compared to $15.3 million or $0.39 per share in the same period last year.

Adjusted earnings for the quarter were $22.0 million or $0.59 per share. On average, five analysts polled by Thomson Reuters expected the company to earn $0.54 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased to $349.4 million from $293.4 million last year. Analysts expected revenues of $344.12 million.

Looking ahead to the second quarter, the company has forecast revenues in the range of approximately $335 million to $350 million. Analysts currently expect revenues of .