Netgear Rallies on Big Q3 Earnings Beat

October 22, 2009 at 5:45 pm PT

Netgear (NTGR) ratcheted higher after hours on a strong Q3 financial report.

The maker of consumer networking products posted revenue of $171.1 million and non-GAAP profits of 31 cents a share, trouncing the Street consensus of $156 million and 8 cents. Revenue was down from $189.4 million a year ago, but up from $144.7 million in Q2.

For the fourth quarter, the company sees revenue of $170 million to $180 million, which topped the Street consensus of $164.8 million.

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Tagged with: Barrons, consumer networking, digital, economy, Eric Savitz, frontpage, hardware, Internet, Netgear, Tech Trader Daily

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