Recap: Netgear Q4 Earnings
Portfolio Pulse from Benzinga Insights
Netgear (NASDAQ:NTGR) reported Q4 earnings with an EPS of $0.09, beating estimates by 125% but with a revenue decrease of $60.43 million from the previous year. The company has a history of beating EPS estimates, leading to significant share price increases.
February 07, 2024 | 9:45 pm
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Netgear reported a significant beat on Q4 earnings estimates but experienced a revenue decrease from the previous year.
Netgear's substantial beat on earnings estimates is likely to positively impact investor sentiment and the stock price in the short term, similar to past performance where beating EPS estimates led to a share price increase. However, the decrease in revenue could temper some of the positive momentum.
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