Netgear Inc NTGR just released their fourth quarter fiscal 2015 earnings results, posting earnings of $0.75 and revenue of $353.2 million.
Currently, NTGR has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company's latest earnings report. Here are 5 key statistics from this just announced report below.
Netgear:
Beat earnings estimates. The company posted $0.75 , beating our Zacks Consensus Estimate of $0.56. These earnings numbers excluded nonrecurring items which amounted to $0.09 per share.
Beat revenue estimates. The company saw revenue figures of $353.2 million , surpassing our estimate of $346 million.
Revenues have grown by 33.6% compared to the same quarter last year.
"Our financial results for the fourth quarter of 2015 exceeded expectations, driven by the strength of our retail business during the holiday season"-Patrick Lo, CEO.
NTGR shares have not seen a price change in after-hours trading today, and are worth $36.40 as of this writing.
Here's a graph that looks at Netgear's revenues growth over the last 10 years.
Netgear Inc. (NTGR) Quarterly Revenue & Growth Rate | FindTheCompany
Netgear Inc. designs technologically advanced, branded networking products that address the specific needs of small business and home users. The company's suite of products enables users to share Internet access, peripherals, files, digital multimedia content and applications among multiple personal computers and other Internet-enabled devices. Netgear was founded in 1996 and is headquartered in San Jose, California.
Check back later for our full analysis on Netgear's fourth quarter earnings report!
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NETGEAR INC (NTGR): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
