Inseego Corp: Set for worst day in nearly 7 months after Q4 loss

Inseego

02/03/2021 11:08

** Shares of network equipment provider  INSG.O  fall 11.5%
to $13.30 premarket
    ** Stock to open at its lowest since Dec. 12 and set for
worst day since Aug. 2020, if losses hold
    ** Co posts Q4 adj. net loss of $0.07/shr, missing Wall
Street est. for flat qtrly earnings; however, rev of $86.1 mln
beats est of $83.8 mln  urn:newsml:reuters.com:*:nASA01TIR
    ** Outperforms rev est. for nine consecutive quarters;
misses earnings est after three straight beats - Refinitiv data 
 
    ** 3 of 6 brokerages rate the stock "buy" or higher and 3
"hold"; their median PT is $13 - Refinitiv IBES
    ** As of last close, stock down 2.8% YTD

 (Reporting by Devik Jain in Bengaluru)
 ((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780;
outside U.S. +91 80 6182 2062; ;))