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Stock impact report

NETGEAR (NTGR) Q4 Earnings Beat Estimates, Revenues Fall Y/Y [Yahoo! Finance]

NETGEAR, Inc. (NTGR) 
Last netgear, inc. earnings: 4/22 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.netgear.com
Company Research Source: Yahoo! Finance
The reported figure surpassed the Zacks Consensus Estimate of earnings of 4 cents per share. NETGEAR generated net revenues of $188.7 million, down 24.3% year over year. The downtick resulted from softness across CHP and SMB business owing to channel inventory compression. Also, high interest rates and stagnant or negative GTV growth in major markets such as Greater China, Germany and Japan were headwinds. However, the top line beat the consensus estimate by 2%. Region-wise, net revenues from the Americas were $124.8 million (66% of total revenues), down 11.5% year over year. Europe, the Middle East and Africa generated revenues (20%) of $37.9 million, up 6.2% year over year. Revenues from the Asia Pacific region (14%) increased 22.9% to $25.9 million. NETGEAR, Inc. Price, Consensus and EPS Surprise NETGEAR, Inc. price-consensus-eps-surprise-chart | NETGEAR, Inc. Quote NETGEAR ended the quarter with 877,000 paid service subscribers. Segmental Performance Connected Home ( Show less Read more
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