NETGEAR, Inc. (NASDAQ:NTGR) is expected to report second quarter earnings results, after market close, on Wednesday 22nd July 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 0.22 per share.
Looking ahead, the full year income are expected at $ 1.42 per share on the revenues of $ 986.32 million.
Previous Quarter Performance
NETGEAR, Inc. recorded income for the first quarter of $ 0.21 per share, from the revenue of $ 229.96 million. The quarterly earnings reduced 65.00 percent while revenues contracted 5.87 percent compared with the same quarter last year.
Wall street analysts are predicting, NTGR to report 1Q20 income of $ 0.16 per share from revenue of $ 214.40 million. The bottom line results beat street analysts by $ 0.05 or 31.25 percent, at the same time, top line results outshined analysts by $ 15.56 million or 7.26 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of NTGR was $ 30.17, representing a 101.00 % increase from the 52 week low of $ 15.01 and a 18.17 % decrease over the 52 week high of $ 36.87.
The company has a market capital of $ 887.57 million and is part of the Technology sector and Communication Equipment industry.
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Conference Call
NETGEAR, Inc. will be hosting a conference call at 5:00 PM eastern time on 22nd July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.netgear.com
NETGEAR, Inc. designs, develops, and markets networking and Internet connected products for consumers, businesses, and service providers. It operates in two segments, Connected Home, and Small and Medium Business.
