Inseego: Q2 Earnings Snapshot
ALPHARETTA, Ga. (AP) _ Inseego Corp. (INSG) on Monday reported a loss of $12.4 million in its second quarter.
On a per-share basis, the Alpharetta, Georgia-based company said it had a loss of 12 cents. Losses, adjusted for stock option expense and non-recurring costs, came to 9 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share.
The holding company posted revenue of $61.9 million in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $62.6 million.