UPDATE 2-NetGear Q4 beats view, sees Q1 rev above estimates

* Q4 adj EPS $0.34 vs est $0.22

* Q4 rev $218.8 mln vs est $178.7 mln

* Q1 rev view above estimates

* Shares jump 15 pct after the bell (Adds conference call details, analyst comments, updates share movement)

By Saqib Iqbal Ahmed

BANGALORE, Feb 9 (Reuters) - Home networking products maker NetGear Inc (NTGR.O) posted quarterly results above analyst estimates, helped by market share gains in the United States and higher-than-expected revenue from new products.

NetGear's first-quarter revenue outlook of $195 million to $205 million also trumped analysts' expectations of $175.8 million, according to Thomson Reuters I/B/E/S.

Shares of the company jumped up as much as 15 percent in after market trade.

"We believe that we will return to double-digit year-on-year revenue growth," NetGear Chief Executive Patrick Lo said on a conference call with analysts.

The company, which forecast first-quarter adjusted operating margin in the range of 10 percent to 11 percent, said it expects to continue to gain share in all markets, helped by its new product pipeline.

"NetGear introduced several new products this past quarter and in the third quarter and these helped the company with market share gains," BWS Financial analyst Hamed Khorsand said.

Khorsand also said the results showed that consumers had come back to the market.

NetGear introduced 23 new products in the fourth quarter, and it has plans to launch more in the next quarter, the company said.

"In the first quarter of 2010, we intend to roll out another 18-20 new products," Lo said.

The company also said it continues to review strategic acquisitions -- products or a channel, or entry into a new country -- and expects to execute on these early this year.

STRONG FOURTH QUARTER

"During the fourth quarter, we had very strong shipments, increasing 41 percent on a unit basis over the prior quarter, which resulted in market share gains globally," Lo said on the conference call.

Revenue from North America rose 52 percent to $104.3 million, and accounted for 48 percent of total revenue.

In the fourth quarter NetGear was selected to fulfill a one-time $18 million order by a service provider customer, the company said.

Fourth-quarter net income was $7.9 million, or 22 cents per share, compared with a loss of $7.9 million, or 21 cents per share, a year earlier.

Excluding items, the company reported earnings of 34 cents a share, beating estimates of 22 cents.

NetGear, whose products allow home users and small businesses to connect across local area networks and the Web, saw quarterly revenue rising 36 percent to $218.8 million, above analysts' estimates of $178.7 million.

Shares of the Santa Clara, California-based company rose $3.22 to $24.98 in trading after the bell. They closed at $21.76 in regular trade Tuesday on Nasdaq. (Reporting by Saqib Iqbal Ahmed; Editing by Gopakumar Warrier)