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Netgear Upshifts
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Netgear (NTGR) beat third-quarter targets and raised guidance for the fourth quarter.
The Santa Clara, Calif., WiFi networking equipment maker posted an adjusted profit of $16 million, or 44 cents a share. Those numbers compare with pro forma earnings of $11.9 million, or 35 cents a share, a year ago.
Sales for the third quarter were $191.7 million, a 26% increase from the year-ago quarter. Analysts had been expecting earnings of 41 cents on revenue of $181 million, according to Yahoo! Finance.
Netgear competes with rivals like Cisco (CSCO) in sales of wireless computer networking equipment for consumers and small businesses. ...
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