Novatel Wireless (NVTL) Misses Street's Q3 Views; Guides Q4 Below the Street
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Novatel Wireless (Nasdaq: NVTL) reports Q3 non-GAAP EPS of $0.01, 6 cents lower than the analyst estimate of $0.07. Revenue for the quarter was $78.398 million, versus the consensus of $88.63 million.
Sees Q4 sales of $60-$70 million, versus the consensus of $84.99 million, and non-GAAP loss of $0.01 to a gain of $0.02, versus the Street estimate of $0.05.
Novatel Wireless, Inc. provides wireless broadband access solutions for the mobile communications market worldwide.
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