
NETGEAR (NASDAQ:NTGR) Posts Quarterly Earnings Results, Beats Expectations By $0.12 EPS

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NETGEAR (NASDAQ:NTGR) reported quarterly earnings of $0.06 EPS, exceeding expectations by $0.12. Revenue was $158.82 million, surpassing estimates of $152.49 million, but down 2% year-over-year. The company faced negative return on equity of 2.40% and net margin of 2.56%. Despite challenges, NETGEAR achieved a record non-GAAP gross margin of 41.7% and is focusing on enterprise growth, with a 53% revenue mix from enterprise. The company repurchased ~929k shares and ended the quarter with $296.5M in cash. Shares rose to $25.89 following the earnings report.
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