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Netgear Q3 results fall less than expected

Friday 23 October 2015 | 10:28 CET | News
Netgear reported a fall in third-quarter revenues to USD 341.9 million from USD 353.3 million a year earlier, and net profit dropped to USD 15.1 million or USD 0.47 per share, from USD 20.0 million or USD 0.55 per share. The company said results were still better than expected, thanks to robust back-to-school sales and stronger-than-expected sales to service providers. The retail business recorded record sales, thanks to strong demand for its Arlo and Nighthawk ranges. These premium products helped drive up average selling prices, and the company's operating margin improved to 7.6 percent

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Categories: Fixed
Companies: Netgear
Countries: World
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