NETGEAR Q3 Profit Beats Estimates - Quick Facts

(RTTNews) - NETGEAR, Inc. (NTGR) reported third-quarter net income of $20.0 million, or $0.55 per share, compared to $14.5 million, or $0.37 per share, in the third quarter of 2013. Third-quarter 2014 non-GAAP earnings per share was $0.72.

On average, seven analysts polled by Thomson Reuters expected the company to report profit per share of $0.61 for the quarter. Analysts' estimates typically exclude special items.

Net revenue for the third quarter ended September 28, 2014 was $353.3 million, as compared to $361.9 million in the third quarter ended September 29, 2013. Analysts expected revenue of $352.51 million for the quarter.

For fourth quarter 2014, the company expects net revenue to be in the range of $335 million to $350 million, with non-GAAP operating margin in the range of 9.5% to 10.5%. Analysts expect the company to report fourth-quarter revenue of $362.63 million.