Investing.com - Inseego (NASDAQ:INSG) reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Inseego announced earnings per share of $-0.15 on revenue of $69.17M. Analysts polled by Investing.com anticipated EPS of $-0.10 on revenue of $65.29M.
Inseego shares are down 37% from the beginning of the year, still down 80.58% from its 52 week high of $7.98 set on November 18, 2021.
Inseego follows other major Information Technology sector earnings this month
Inseego's report follows an earnings beat by Apple on October 27, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on October 25 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
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