Netgear stock drops 12% as company posts wider loss, orders dry up

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 97%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

Shares of Netgear Inc. tanked more than 12% in the extended session Wednesday after network-hardware maker reported a wider-than-expected quarterly loss and...

Shares of Netgear Inc.

tanked more than 12% in the extended session Wednesday after network-hardware maker reported a wider-than-expected quarterly loss and revenue that missed the mark, saying it faced an “unprecedented” inventory reduction by its largest service provider partner and similar reductions by its largest e-commerce partner. Netgear lost $9.7 million, or 33 cents a share, in the first quarter, compared with a loss of $57 million, or $1.95 a share, in the year-ago period.

tanked more than 12% in the extended session Wednesday after network-hardware maker reported a wider-than-expected quarterly loss and revenue that missed the mark, saying it faced an “unprecedented” inventory reduction by its largest service provider partner and similar reductions by its largest e-commerce partner. Netgear lost $9.7 million, or 33 cents a share, in the first quarter, compared with a loss of $57 million, or $1.95 a share, in the year-ago period.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 3. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Meta shares pop 12% after company reports first sales increase in four quarters, issues optimistic guidanceFacebook parent Meta reported revenue for the first quarter that topped estimates and issued a forecast for the second quarter that also exceeded expectations.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »