Netgear Q2 Adj EPS $(0.16) Beats $(0.34) Estimate, Sales $173.41M Beat $156.68M Estimate
Portfolio Pulse from vinayak@benzinga.com
Netgear reported Q2 losses of $(0.16) per share, beating the analyst consensus estimate of $(0.34) by 52.94%. The company also reported quarterly sales of $173.41 million, beating the analyst consensus estimate of $156.68 million by 10.68%. However, this represents a 22.31% decrease over sales of $223.22 million the same period last year.
July 26, 2023 | 8:13 pm
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NEUTRAL IMPACT
Netgear's Q2 results exceeded analyst expectations, which could positively impact the stock in the short term. However, the decrease in sales YoY could be a concern for investors.
Netgear's better than expected Q2 results could boost investor confidence and potentially drive the stock price up in the short term. However, the significant decrease in sales compared to the same period last year could offset this positive impact, leading to a neutral overall impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100