Inseego Shares Fall on Q3 Earnings Miss, Revenues Increase Y/Y [Yahoo! Finance]
Inseego Corp. (INSG)
Last inseego corp. earnings: 3/11 04:23 pm
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US:NASDAQ Investor Relations:
investor.inseego.com/investor-relations
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Source: Yahoo! Finance
INSG incurred a loss of 7 cents per share in the reported quarter, which lagged the Zacks Consensus Estimate for earnings of 9 cents. INSG had reported a loss of $1.95 in the year-ago quarter. Total revenues of $54 million increased 30.6% year over year but missed the Zacks Consensus Estimate of $56 million by 4.03%. Inseego's stock has skyrocketed 393.6% compared with the Zacks Computer and Technology sector's rise of 30% in the year-to-date period. Inseego price-consensus-eps-surprise-chart | Inseego Quote Total revenues from continuing operations in the third quarter of 2024 increased 30.6% year over year to $54 million. This growth was driven by strong carrier mobile hotspot products through MiFi promos and rising SaaS subscriptions from contract renewals. Product revenues, consisting of Mobile solutions and Fixed wireless access solutions, rose 25% year over year to $42 million. Services and other revenues were $12 million, increasing 56% year over year from $7.7 m
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News
- Inseego Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag [Yahoo! Finance]Yahoo! Finance
- Inseego Corp. (NASDAQ: INSG) had its price target lowered by analysts at TD Cowen from $20.00 to $16.00. They now have a "hold" rating on the stock.MarketBeat
- Nomad Internet to Host its First Ever Nomad Internet Summit in Boulder, CO, Aiming to Bridge the Digital Divide in America [Yahoo! Finance]Yahoo! Finance
- Inseego Shares Rise on Roth MKM Upgrade to Buy, Citing Balance Sheet Improvement and Product Growth [Yahoo! Finance]Yahoo! Finance
- Inseego Corp. (NASDAQ: INSG) was upgraded by analysts at Roth Capital from a "hold" rating to a "strong-buy" rating.MarketBeat
INSG
Earnings
- 11/12/24 - Miss
INSG
Sec Filings
- 11/18/24 - Form 4
- 11/14/24 - Form SCHEDULE
- 11/14/24 - Form 3
- INSG's page on the SEC website