NetGear Inc. Profit Advances 20% In Q4

(RTTNews) - NetGear Inc. (NTGR) revealed earnings for its fourth quarter that increased from last year.

The company said its bottom line climbed to $27.50 million, or $0.83 per share. This was higher than $22.88 million, or $0.65 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.66 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 2.2% to $360.86 million. This was up from $353.18 million last year.

NetGear Inc. earnings at a glance:

-Earnings (Q4): $27.50 Mln. vs. $22.88 Mln. last year. -Earnings Growth (Y-o-Y): 20.2% -EPS (Q4): $0.83 vs. $0.65 last year. -EPS Growth (Y-o-Y): 27.7% -Analysts Estimate: $0.66 -Revenue (Q4): $360.86 Mln vs. $353.18 Mln last year. -Revenue Change (Y-o-Y): 2.2%

-Guidance: Next quarter revenue guidance: $290 - $305 Mln