SAN DIEGO (AP) _ Inseego Corp. (INSG) on Tuesday reported third-quarter net income of $10.8 million, after reporting a loss in the same period a year earlier.
The San Diego-based company said it had net income of 15 cents per share. Losses, adjusted for non-recurring gains, were 1 cent per share.
The holding company posted revenue of $50.6 million in the period.
For the current quarter ending in December, Inseego said it expects revenue in the range of $51 million to $57 million.
In the final minutes of trading on Tuesday, the company's shares hit $3.83. A year ago, they were trading at $1.47.
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