Inseego (INSG) Reports Q3 Loss, Misses Revenue Estimates
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Inseego (INSG) reported a Q3 loss of $0.07 per share, missing the Zacks Consensus Estimate of $0.09. This is an improvement from the $1.60 per share loss a year ago.
November 13, 2024 | 12:30 am
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Inseego reported a Q3 loss of $0.07 per share, which was worse than the expected $0.09 loss. Despite missing estimates, the loss is significantly lower than last year's $1.60 per share.
The reported loss per share of $0.07 was worse than the expected $0.09, which is likely to negatively impact the stock price in the short term. However, the improvement from last year's $1.60 loss may provide some positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100