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Netgear posts Q4 loss on service provider writedown

Friday 6 February 2015 | 09:24 CET | News
Netgear reported fourth-quarter revenues of USD 353.2 million, down 1.0 percent year-on-year but better than the company's guidance. The company moved to a net loss of USD 1.16 per share from a profit of USD 0.30 per share a year earlier due to a goodwill impairment charge of USD 74.2 million (USD 1.62 per share) on its Service Provider Business Unit. Netgear said orders from service providers were lower and purchasing intentions were also reduced for 2015. The company plans to downsize the service provider business to focus on long-term, profitable customers. Excluding the one-time items,

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Categories: Fixed
Companies: Netgear
Countries: World
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