Yahoo Finance NETGEAR First Quarter 2024 Earnings: EPS Misses Expectations
NETGEAR (NASDAQ:NTGR) First Quarter 2024 Results
Key Financial Results
Revenue: US$164.6m (down 9.0% from 1Q 2023).
Net loss: US$18.7m (loss widened by 92% from 1Q 2023).
US$0.63 loss per share (further deteriorated from US$0.33 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
NETGEAR EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 57%.
Looking ahead, revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Communications industry in the US.
Performance of the American Communications industry.
The company's shares are down 21% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 1 warning sign for NETGEAR you should know about.
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