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Inseego: 1Q Earnings Snapshot

ALPHARETTA, Ga. (AP) _ Inseego Corp. (INSG) on Wednesday reported a loss of $18.2 million in its first quarter.

The Alpharetta, Georgia-based company said it had a loss of 20 cents per share. Losses, adjusted for non-recurring costs and stock option expense, came to 6 cents per share.

The holding company posted revenue of $56.8 million in the period.

For the current quarter ending in July, Inseego said it expects revenue in the range of $75 million to $85 million.

Inseego shares have risen 60% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $11.70, more than doubling in the last 12 months.


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