NetGear Inc. Q1 Loss Decreases, but misses estimates

(RTTNews) - NetGear Inc. (NTGR) revealed Loss for first quarter that decreased from last year but missed the Street estimates.

The company's earnings came in at -$9.71 million, or -$0.33 per share. This compares with -$57.10 million, or -$1.95 per share, in last year's first quarter.

Excluding items, NetGear Inc. reported adjusted earnings of -$5.64 million or -$0.19 per share for the period.

Analysts on average had expected the company to earn -$0.10 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 27.4% to $180.91 million from $249.10 million last year.

NetGear Inc. earnings at a glance (GAAP) :

-Earnings (Q1): -$9.71 Mln. vs. -$57.10 Mln. last year. -EPS (Q1): -$0.33 vs. -$1.95 last year. -Analyst Estimates: -$0.10 -Revenue (Q1): $180.91 Mln vs. $249.10 Mln last year.