Inseego (NASDAQ:INSG) reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:01 PM.
Here’s what investors need to know about the announcement.
Earnings
Inseego beat estimated earnings by 75.0%, reporting an EPS of $-0.02 versus an estimate of $-0.08.
Revenue was down $10.59 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.02 which was followed by a 4.77% drop in the share price the next day.
Here’s a look at Inseego’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.09 | -0.08 | -0.11 | -0.11 |
| EPS Actual | -0.11 | -0.11 | -0.09 | -0.11 |
| Revenue Estimate | 60.53M | 65.12M | 62.37M | 62.64M |
| Revenue Actual | 52.91M | 69.17M | 61.86M | 61.38M |
To track all earnings releases for Inseego visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
