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Public signal · 1-minute delayed
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AI summary
What happened, with direct paths to the underlying reporting
- NTGR reported a wider first-quarter 2024 non-GAAP loss than the previous year. - Net revenues dropped 9% year over year, impacted by tough macroeconomic conditions. - NTGR ended the quarter with 928,000 paid service subscribers. - Shares dropped 20.2% after the announcement; stock has risen 9.6% in the past year. - For the quarter, NTGR generated $17.2 million in cash from operations. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings
- NTGR reported a wider first-quarter 2024 non-GAAP loss than the previous year.
- Net revenues dropped 9% year over year, impacted by tough macroeconomic conditions.
- NTGR ended the quarter with 928,000 paid service subscribers.
- Shares dropped 20.2% after the announcement; stock has risen 9.6% in the past year.
- For the quarter, NTGR generated $17.2 million in cash from operations.
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