Inseego Shares Fall on Q3 Earnings Miss, Revenues Increase Y/Y

Inseego (INSG) shares plunged 40.36% to close at $10.83 on Wednesday following disappointing third-quarter 2024 results.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$56 million by 4.03%.Inseego’s stock has skyrocketed 393.6% compared with the Zacks Computer and ...