On Wednesday 31st July 2024, investors and market participants can expect the release of Netgear (NASDAQ: NTGR) second quarter financial results. This crucial announcement will be made after market close.
According to the forecasts of financial experts on Wall Street, the enterprise is expected to reveal an anticipated $0.81 loss per share for the quarter. Additionally, the firm is poised to disclose a quarterly revenue of $132.94 million.
Examining the corresponding quarter from the previous year, the company’s earnings report unveiled a loss of $0.16 per share. This number was attributed to the company’s total revenue, which settled at an impressive $173.14 million during the same period.
Financial analysts have shared their forecasts for the company’s annual performance, indicating their belief that the company will achieve a total revenue of $626.77 million. Additionally, they predict that the earnings per share for the company will hit loss of $1.57 by the end of the fiscal year.
Netgear (NTGR) closed Tuesday’s regular trading session at $16.03, marking a 0.69 percent increase. During the day, NTGR shares traded between $15.89 and $16.14, with a day volume of 127.90 thousand shares.
