Why Netgear Stock Popped Today
Shares of Netgear (NASDAQ: NTGR) were up 17.4% as of 1:45 p.m. EDT Thursday after the networking hardware company announced better-than-expected second-quarter 2019 results.
That's not to say Netgear's results looked good at first glance. Quarterly revenue declined 9.6% year over year, to $230.9 million. Trending toward the bottom line, adjusted operating margin was 4.4%, translating to a penny-per-share decline in adjusted net income from continuing operations, to $0.28 per share.
Three months ago, however, Netgear told investors to expect revenue of just $215 million to $230 million, with an adjusted operating margin of 4% to 5%.
Quelle Fool.com
