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Netgear revenues rise 10% in Q2 but component shortages still weigh

Thursday 22 July 2021 | 09:11 CET | News
Netgear reported second quarter results at the lower end of expectations, rising 10.3 percent from the year before to USD 308.8 million but constrained by component shortages. The operating profit more than doubled to USD 21.5 million from 8.9 million, with the adjusted operating profit increasing to USD 26.5 million from 21 million. The net profit meanwhile also more than doubled, to USD 0.57 per diluted share from 0.20.

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Categories: Fixed
Companies: Netgear
Countries: World
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