Netgear Q4 Profit Down - Quick Facts

(RTTNews) - Netgear Inc. (NTGR) Thursday reported fourth-quarter profit of $11.4 million or $0.30 per share, down from $16.1 million or $0.41 per share in the same period last year.

Adjusted earnings for the quarter were $22.6 million or $0.59 per share. On average, five analysts polled by Thomson Reuters expected the company to earn $0.55 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue increased 14.9 percent to $356.6 million from $310.4 million last year. Analysts expected revenues of $348.91 million.

Looking ahead to the first quarter, the company has forecast revenues in the range of approximately $335 million to $350 million. Analysts currently expect first-quarter revenues of $345.82 million.