By: Benzinga
UPDATE: Netgear Posts Drop In Q4 Profit, Issues Downbeat Q1 Revenue Forecast
Netgear (NASDAQ: NTGR ) reported a drop in its fourth-quarter net income and issued downbeat current-quarter revenue forecast. Netgear expects Q1 revenue of $290 million to $305 million, versus analysts' estimates of $317.6 million. Netgear's quarterly net income declined to $16.1 million, or $0.41 per share, from $22.8 million, or $0.60
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