WASHINGTON (dpa-AFX) - Netgear Inc. (NTGR) Thursday reported second-quarter net income of $14.7 million or $0.40 per share, compared to $14.0 million or $0.36 per share in the same period last year.
Adjusted earnings for the quarter were $21.4 million or $0.58 per share, down from $24.4 million or $0.62 per share in the prior year period. On average, five analysts polled by Thomson Reuters expected the company to earn $0.55 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues declined to $337.60 million from $357.72 million last year, while five analysts expected revenues of $344.29 million.
Looking ahead to the third quarter, the company has forecast revenues in the range of $345 million to $360 million. Analysts currently expect revenues of $365.95 million.
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