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Stock impact report

NETGEAR (NTGR) Down 1.2% Since Last Earnings Report: Can It Rebound? [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
Will the recent negative trend continue leading up to its next earnings release, or is NETGEAR due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. NETGEAR Q2 Loss Narrower Than Expected NETGEAR reported a second-quarter 2024 non-GAAP loss of 74 cents per share compared with the non-GAAP loss of 16 cents in the year-ago quarter. The reported figure was narrower than the Zacks Consensus Estimate of a loss of 82 cents per share. NETGEAR generated net revenues of $143.9 million, down 17% year over year. The downtick resulted from weakness across the CHP and NFB businesses. Also, it experienced significant impacts from channel inventory destocking and costs associated with reducing legacy inventory during this period. However, the top line beat the consensus estimate by 8.45%. Region-wise, net revenues from the Americas were Show less Read more
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