Inseego Corp. (INSG) Misses Q3 EPS by 1c, Revs Beat; Guides Q4 Revs Below

November 6, 2019 5:44 PM EST
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Price: $7.85 +1.82%

EPS Growth %: -33.3%

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Inseego Corp. (NASDAQ: INSG) reported Q3 EPS of ($0.04), $0.01 worse than the analyst estimate of ($0.03). Revenue for the quarter came in at $62.7 million versus the consensus estimate of $59.77 million.

“Our strong top-line results were driven by significant 5G revenue growth as well as our expanded and diversified 4G customer base,” said Chairman and CEO Dan Mondor. “We’re now extending our early 5G market leadership through a growing number of trials with top-tier service providers worldwide, and we’re rapidly developing more leading-edge products based on next-gen 5G technology. We’re well positioned to deliver 20-25% year-over-year growth in 2020.”

GUIDANCE:

Inseego Corp. sees Q4 2019 revenue of $48-55 million, versus the consensus of $64.2 million.

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



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