Netgear forecasts revenue below estimates

Thu Oct 24, 2013 4:48pm EDT

Oct 24 (Reuters) - Network equipment maker Netgear Inc forecast fourth-quarter revenue below analysts' estimates, sending its shares down 7 percent in extended trading.

The company forecast revenue of $340-$355 million. Analysts on average were expecting $368.7 million, according to Thomson Reuters I/B/E/S.

Netgear's third-quarter profit fell 39 percent to $14.5 million, or 37 cents per share, from a year earlier.

Revenue rose 14.8 percent to $361.9 million.

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