SAN DIEGO (AP) — SAN DIEGO (AP) — Inseego Corp. (INSG) on Wednesday reported a loss of $4.9 million in its second quarter.
On a per-share basis, the San Diego-based company said it had a loss of 5 cents. Losses, adjusted for stock option expense and non-recurring costs, came to 2 cents per share.
The holding company posted revenue of $53.6 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $51.8 million.
_____
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
For copyright information, check with the distributor of this item, STATS Perform dba Automated Insights.
, source Associated Press News