Inseego Q3 2023 Adj EPS $(0.16) Misses $(0.02) Estimate, Sales $48.58M Miss $55.26M Estimate
Portfolio Pulse from totan@benzinga.com
Inseego reported Q3 2023 losses of $(0.16) per share, missing the analyst consensus estimate of $(0.02) by 700%. The company's quarterly sales were $48.58 million, missing the estimate of $55.26 million by 12.08%. This represents a 45.45% decrease in EPS and a 29.76% decrease in sales compared to the same period last year.
November 02, 2023 | 8:46 pm
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Inseego's Q3 2023 earnings missed estimates significantly, with a 700% larger loss per share and a 12.08% lower sales than expected.
Inseego's Q3 2023 earnings report shows a significant miss on both EPS and sales estimates. This underperformance, which includes a 700% larger loss per share and a 12.08% lower sales than expected, is likely to negatively impact the company's stock price in the short term.
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