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Netgear NTGR reported its Q3 earnings results on Wednesday, October 26, 2022 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
Netgear beat estimated earnings by 162.5%, reporting an EPS of $0.21 versus an estimate of $0.08.
Revenue was down $40.56 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.05 which was followed by a 22.57% increase in the share price the next day.
Here’s a look at Netgear’s past performance:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|
| EPS Estimate | -0.24 | 0.41 | ||
| EPS Actual | -0.19 | -0.28 | 0.27 | 0.50 |
| Revenue Estimate | 209.78M | 251.19M | 258.82M | 294.96M |
| Revenue Actual | 223.22M | 210.56M | 251.19M | 290.15M |
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|
| EPS Estimate | -0.24 | 0.41 | ||
| EPS Actual | -0.19 | -0.28 | 0.27 | 0.50 |
| Revenue Estimate | 209.78M | 251.19M | 258.82M | 294.96M |
| Revenue Actual | 223.22M | 210.56M | 251.19M | 290.15M |
To track all earnings releases for Netgear visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
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