Inseego Corp. (INSG) Misses Q1 EPS by 9c, Miss on Revenues

May 10, 2017 4:19 PM EDT
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Price: $8.11 --0%

Revenue Growth %: +1.3%

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Inseego Corp. (NASDAQ: INSG) reported Q1 EPS of ($0.14), $0.09 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $55.4 million versus the consensus estimate of $58.69 million.

Second Quarter Outlook

The following statements are forward-looking and actual results may differ materially. Please see the section titled “Cautionary Note Regarding Forward-Looking Statements” at the end of this news release. A more detailed description of risks related to our business is included in the reports filed by the Company with the Securities and Exchange Commission (the “SEC”). Our guidance for the second quarter of 2017 reflects current business indicators and expectations as of the date of this news release, including current exchange rates for foreign currencies.

Given the pending divestiture of the Company’s MiFi mobile broadband business, the Company will not provide overall corporate guidance for the second quarter of 2017.

For earnings history and earnings-related data on Inseego Corp. (INSG) click here.

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