27.10.2021 22:46:02
|
Netgear Q4 Sales Outlook Below Street View
(RTTNews) - California-based internet and wireless communication company, NETGEAR, Inc. (NTGR) has provided a weak outlook for sales after reporting a lower profit in the third quarter. The company expects fourth-quarter sales between $250 million and $265 million. On average, four analysts polled by Thomson Reuters expect revenues of $294.96 for the fourth quarter. The company said sales will be impacted by the reduced leverage from its topline compound coupled with a rapid increase in freight costs. The company expects the operating margin for the fourth quarter to be in the range of (0.5)% to 0.5%, which, after adjustments, stand at 2.0% to 3.0%. Bryan Murray, Chief Financial Officer of the company said, "We are also seeing logistics costs rapidly increasing with ocean freight costs currently standing at eight times normal historical rates. In the third quarter, we worked with our retail channel partners to optimize their inventory levels. With the U.S. consumer WiFi market growth coming in below our prior expectations, these activities will continue into Q4. Additionally, we expect lower service provider revenue, which will be impacted by supply availability. All of this is expected to result in a sequential decline in revenue for the CHP business."
Wenn Sie mehr über das Thema Aktien erfahren wollen, finden Sie in unserem Ratgeber viele interessante Artikel dazu!
Jetzt informieren!
Nachrichten zu NetGear Inc.mehr Nachrichten
16:04 |
NASDAQ Composite Index-Titel NetGear-Aktie: So viel Gewinn hätte ein Investment in NetGear von vor einem Jahr eingebracht (finanzen.at) | |
20.12.24 |
Starker Wochentag in New York: NASDAQ Composite im Plus (finanzen.at) | |
20.12.24 |
Pluszeichen in New York: NASDAQ Composite mit Gewinnen (finanzen.at) | |
18.12.24 |
NASDAQ Composite aktuell: NASDAQ Composite beendet den Handel weit im Minus (finanzen.at) | |
18.12.24 |
Schwacher Wochentag in New York: NASDAQ Composite verbucht am Mittwochnachmittag Verluste (finanzen.at) | |
18.12.24 |
MÄRKTE USA/Gut behauptet vor Zinsentscheid - Netgear mit Kurssprung (Dow Jones) | |
18.12.24 |
Gewinne in New York: NASDAQ Composite liegt am Mittwochmittag im Plus (finanzen.at) | |
18.12.24 |
NASDAQ Composite Index-Titel NetGear-Aktie: So viel hätten Anleger an einem NetGear-Investment von vor 10 Jahren verdient (finanzen.at) |