Netgear reports Q2 EPS (74c), one estimate (81c)

Reports Q2 revenue $143.9M, one estimate $132.94M. The company said, “In our NFB business, we delivered a record quarter of end market sales for our ProAV managed switch products and the sell-through for this business grew in each of our three global regions. This progress is enabled by our broadening base of manufacturing partners and early momentum in our expansion into the broadcast vertical. Although we remain challenged in the traditional IT and WIFI Lan markets, the long-term potential of NFB is very exciting and we have hired a seasoned leader to help us unlock profitable growth for this business…In our CHP business, we continue to drive growth in our premium products while executing on the strategy of delivering industry leading products for the broader market.”