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Broadband

Netgear Q3 revenue, profit drop on supply constraints

Thursday 28 October 2021 | 11:08 CET | News
Netgear said revenues for the third quarter fell 23.3 percent from the year before to USD 290.2 million, well within guidance. The operating profit and adjusted operating profit more than halved to USD 12.9 million from 32.2 million, and to USD 19.5 million from 41.4 million respectively. The net profit also dropped, to USD 9.6 million or USD 0.31 per share, from 25.5 million and 0.83 per share. The operating margin declined to 4.5 percent from 8.5 percent.

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Categories: Fixed
Companies: Netgear
Countries: World
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