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General

Netgear beats Q1 expectations with small operating profit, sales down 8%

Thursday 23 April 2020 | 08:53 CET | News
Netgear reported better-than-expected first-quarter results, with a small operating profit on sales down 7.7 percent. The company said it was a challenging quarter, with fluctuations in both supply and demand. Given the uncertain economic outlook, it's not giving Q2 guidance and has withdrawn its targets issued last November. Netgear said it will aim to operate profitably with positive cash flow going forward. 

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Categories: General
Companies: Netgear
Countries: World
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