Why MobileIron Inc. Stock Is Dropping Today

Shares of mobile IT software developer MobileIron (NASDAQ: MOBL) are sinking today, down 13.2% as of 12:21 p.m. EDT, after the company reported earnings results.

MobileIron released second-quarter results Thursday night, and the report failed to impress investors. Revenue increased 12.4% year over year to $42.7 million while adjusted net losses per share shrank from $0.14 to $0.08. The bottom-line result was in line with analyst expectations, but the sales tally fell short by $1 million. Looking ahead, MobileIron's third-quarter and full-year guidance also largely matched Wall Street's current views.

Image source: Getty Images.

Source: Fool.com