Why Inseego Stock Was Sliding Today
Shares of Inseego (NASDAQ: INSG) were moving lower today after the company posted mixed results in its third-quarter earnings report but offered underwhelming guidance for the fourth quarter. As a result, the stock was down 12.7% as of 2:53 p.m. EST.
The maker of mobile hardware and Internet of Things (IoT) devices said revenue rose 23.9%, to $62.7 million, topping its own guidance of $58 million to $62 million and analyst estimates of $59.7 million.
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Source Fool.com