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Novatel shares plunge after 4th-quarter outlook disappoints despite strong 3rd quarter

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Angsuman Chakraborty

Posts: 19816
Nickname: angsuman
Registered: Dec, 2003

Angsuman Chakraborty is the CEO and Chief Architect at Taragana
Novatel shares plunge after 4th-quarter outlook disappoints despite strong 3rd quarter Posted: Oct 30, 2009 7:15 PM
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This post originated from an RSS feed registered with Java Buzz by Angsuman Chakraborty.
Original Post: Novatel shares plunge after 4th-quarter outlook disappoints despite strong 3rd quarter
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Novatel shares tumble after 4Q outlook disappoints NEW YORK — Shares of Novatel Wireless Inc. tumbled Friday after the wireless high-speed Internet service provider posted a disappointing outlook for the fourth quarter. Novatel's third-quarter results reported Thursday were strong, topping analyst estimates. But investors spooked by the fourth-quarter outlook sent shares down $3.32, or 27.3 percent, to [...]

Read: Novatel shares plunge after 4th-quarter outlook disappoints despite strong 3rd quarter

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