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News Breaks
August 6, 2014
17:14 EDTNVTLNovatel Wireless reports Q2 EPS (33c), consensus (19c)
Reports Q2 revenue $37.3M, consensus $41.3M. The company said, "The quarter’s results were adversely impacted by significant additional restructuring charges, which we now believe are largely behind us, and increased inventory reserves. We are now in the process of charting a new direction for the Company which is centered around integrating our current two segments – Mobil Computing and M2M – into one synergistic business strategy which will revolve around a suite of products and services for IoT."
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