Previous close | 1.8900 |
Open | 1.8900 |
Bid | 1.9000 x 3100 |
Ask | 2.0000 x 1200 |
Day's range | 1.8800 - 1.9700 |
52-week range | 1.7400 - 9.6500 |
Volume | |
Avg. volume | 1,073,508 |
Market cap | 209.424M |
Beta (5Y monthly) | 1.71 |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
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. 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. Inseego's first-quarter sales increased by just 6.5% to $61.4 million, which was below analysts' average sales estimate of $62.6 million.
Please also be advised that today's discussion was contain forward-looking statements. Please also refer to the cautionary note regarding forward-looking statements section contained in today's press release.
Inseego (INSG) delivered earnings and revenue surprises of -10% and 2.36%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?