Netgear Q1 sales inch up to USD 310 mln, doubles net profit

Thursday 28 April 2016 | 09:25 CET | News
Netgear reported first-quarter net revenue of USD 310.2 million, up 0.4 percent from the year earlier result of USD 309.2 million, beating the company's forecast. Net income came to USD 16.6 million, compared to USD 8.0 million in the year-earlier quarter, equivalent to USD 0.50 per share, up from USD 0.23 a year earlier. The company's adjusted operating margin was 11.9 percent, compared to 9.2 percent in the year-earlier quarter and 10.8 percent Q4 2015.  Netgear said the results were far better than expected and reflected a strong start to the year for the company, especially for its

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Categories: Fixed
Companies: Netgear
Countries: World
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