ALPHARETTA, Ga. (AP) _ Inseego Corp. (INSG) on Wednesday reported a loss of $74.8 million in its second quarter.

On a per-share basis, the Alpharetta, Georgia-based company said it had a loss of 78 cents. Losses, adjusted to extinguish debt and for stock option expense, came to 1 cent per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.

The holding company posted revenue of $80.7 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $79.6 million.

Inseego shares have more than doubled since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $14.74, more than tripling in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on INSG at https://www.zacks.com/ap/INSG

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