Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Inseego Stock Fell Hard Today

TheMotleyFool

0 0

The share price of Inseego (NASDAQ: INSG), a provider of wireless broadband access equipment, plummeted today after the company reported worse-than-expected results for both its top and bottom lines.

The tech stock was down by a staggering 24% as of 3:10 p.m. ET.

Inseego's non-GAAP (adjusted) loss per share of $0.11 in the quarter was slightly worse than analysts' consensus estimate of a loss of $0.10 per share. Investors were also likely very unhappy to see that the company's net loss of $25.2 million for the first quarter had widened from a loss of $16.9 million in the year-ago quarter.

Source Fool.com

Like: 0

INSG

Share