Netgear Q3 2024 Adj. EPS $0.17 Beats $(0.04) Estimate, Sales $182.854M Beat $175.009M Estimate
Portfolio Pulse from Benzinga Newsdesk
Netgear reported Q3 2024 earnings of $0.17 per share, significantly beating the analyst estimate of $(0.04). Sales were $182.854 million, also surpassing the $175.009 million estimate. However, both earnings and sales decreased compared to the same period last year.
October 30, 2024 | 8:40 pm
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Netgear's Q3 2024 earnings per share of $0.17 beat expectations by 525%, and sales of $182.854M exceeded estimates. Despite the positive surprise, both metrics declined year-over-year.
Netgear's earnings and sales both exceeded analyst expectations, which is likely to have a positive short-term impact on the stock price. However, the year-over-year decline in both earnings and sales may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100