Netgear Inc. shares fell in the extended session Wednesday after the company beat Wall Street earnings expectations. Netgear shares were down 2.4% to $46.70 after hours. The company reported third-quarter net income of $20.8 million, or 64 cents a share, compared with $25.9 million, or 62 cents a share, in the year-ago period. Adjusted earnings were 81 cents a share. Revenue rose to $355.5 million from $338.5 million in the year-ago period. Analysts surveyed by FactSet had estimated 68 cents a share on revenue of $349.4 million. For the fourth quarter, analysts model earnings of adjusted earnings of 81 cents a share on revenue of $387 million. Netgear stock has fallen 12% this year, with the S&P 500 index rising 14.8%.
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