Netgear Inc Earnings: $0.65 EPS (Diluted) 32% YoY Growth

• “First quarter 2011 net revenue of $278.8 million, as compared to $211.6 million in the comparable prior year quarter, 32% year-over-year growth
• First quarter 2011 non-GAAP net income of $24.2 million, as compared to $17.1 million in the comparable prior year quarter, 42% year-over-year growth
• First quarter 2011 non-GAAP diluted earnings per share of$0.65, as compared to $0.48 in the comparable prior year quarter, 35% year-over-year growth
• Company expects second quarter 2011 net revenue to be in the range of $270 million to $280 million, with non-GAAP operating margin in the range of 11% to 12%”

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