Investing.com - NETGEAR reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
NETGEAR announced earnings per share of $0.21 on revenue of $249.60. Analysts polled by Investing.com anticipated EPS of $0.08 on revenue of $244.55M.
NETGEAR shares are up 102.69% from the beginning of the year and are trading at $19.99 , down-from-52-week-high.
NETGEAR shares lost 6.85% in after-hours trade the report.
NETGEAR follows other major Information Technology sector earnings this month
NETGEAR's report follows an earnings beat by Microsoft on Tuesday, who reported EPS of $2.35 on revenue of $50.1B, compared to forecasts EPS of $2.32 on revenue of $49.86B.
Visa A had beat expectations on Tuesday with fourth quarter EPS of $1.93 on revenue of $7.8B, compared to forecast for EPS of $1.87 on revenue of $7.57B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar