Benzinga | Oct 27, 2021 04:57PM EDT

Netgear Q3 Adj. EPS $0.50 Beats $0.41 Estimate, Sales $290.20M Miss $294.96M Estimate

Netgear (NASDAQ:NTGR) reported quarterly earnings of $0.50 per share which beat the analyst consensus estimate of $0.41 by 21.95 percent. This is a 55.75 percent decrease over earnings of $1.13 per share from the same period last year. The company reported quarterly sales of $290.20 million which missed the analyst consensus estimate of $294.96 million by 1.61 percent. This is a 23.25 percent decrease over sales of $378.11 million the same period last year.