NETGEAR's (NTGR) Q4 Earnings Beat Estimates, Decline Y/Y
Zacks Investment Research | Feb 05, 2020 08:56PM ET
NETGEAR, Inc. (NASDAQ:NTGR) reported decent fourth-quarter 2019 results, wherein both the top line and bottom line surpassed the respective Zacks Consensus Estimate. However, both earnings and revenues declined year over year.
Net Income
GAAP net loss from continuing operations in the reported quarter were $420 million or a loss of 1 cent per share compared with net loss of $535 million or a loss of 2 cents per share in the year-ago quarter. The year-over-year improvement, despite lower revenues, was due to lower operating expenses and lesser provision for income taxes. In 2019, earnings from continuing operations were $25.8 million or 81 cents per share compared with $17.3 million or 52 cents per share in 2018.
Non-GAAP net income from continuing operations was $10.4 million or 34 cents per share compared with $22.3 million or 68 cents per share in the year-ago quarter. The bottom line beat the Zacks Consensus Estimate by 5 cents. In full-year 2019, non-GAAP net income from continuing operations was $59.8 million or $1.87 per share compared with $64.4 million or $1.94 per share in 2018.
NETGEAR, Inc. Price, Consensus and EPS Surprise
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