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SAN DIEGO (AP) — SAN DIEGO (AP) — Inseego Corp. (INSG) on Wednesday reported a loss of $5.1 million in its first 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, were 2 cents per share.
The holding company posted revenue of $50.8 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $48.8 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a INSG">Zacks stock report on INSG at https://www.zacks.com/ap/INSG