Netgear Q2 2024 Adj. EPS $(0.74) Beats $(0.81) Estimate, Sales $143.900M Beat $132.941M Estimate
Portfolio Pulse from Benzinga Newsdesk
Netgear (NASDAQ:NTGR) reported Q2 2024 adjusted EPS of $(0.74), beating the $(0.81) estimate. Sales were $143.9M, surpassing the $132.941M estimate. Despite beating estimates, both EPS and sales showed significant declines compared to the same period last year.
July 31, 2024 | 8:55 pm
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NEUTRAL IMPACT
Netgear's Q2 2024 results showed a better-than-expected EPS of $(0.74) and sales of $143.9M, beating analyst estimates. However, both metrics declined significantly year-over-year, indicating potential underlying issues.
While Netgear beat analyst estimates for both EPS and sales, the significant year-over-year declines in both metrics suggest potential underlying issues. This mixed result may lead to neutral short-term price movement as investors weigh the positive beat against the negative YoY performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100