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 story : Netgear's stock drops 12% on sales, earnings miss #FinanceUSA #StockMarketNEWS Shares of Netgear Inc. plunged 12% in extended trading Wednesday after the computer-networking company reported fiscal

@stockMarketNEWS 9 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

Netgear's stock drops 12% on sales, earnings miss #FinanceUSA #StockMarketNEWS
Shares of Netgear Inc. plunged 12% in extended trading Wednesday after the computer-networking company reported fiscal second-quarter results. Netgear reported net income of .8 million, or 57 cents a share, compared with net income of .96 million, or 72 cents a share, in the year-ago quarter. Revenue declined 3% to 8.8 million from 7.9 million a year ago. Analysts surveyed by FactSet had expected net income of 71 cents a share on revenue of 5 million. Netgear's shares are down 9% so far in 2021. The broader S&P 500 index has gained 16% this year.


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