Netgear Q3 Profit Down - Quick Facts

(RTTNews) - Netgear Inc. (NTGR) Thursday reported third-quarter profit of $14.5 million or $0.37 per share, down from $23.8 million or $0.61 per share in the same period last year.

Adjusted earnings for the quarter was $22.9 million or $0.58 per share. On average, six analysts polled by Thomson Reuters expected the company to earn $0.58 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 14.8 percent to $361.9 million from $315.2 million last year. Analysts expected revenues of $354.06 million.

Looking ahead to the fourth quarter, the company has forecast revenues in the range of $340 million to $355 million. Analysts currently expect revenues of $368.67 million for the fourth quarter.