Novatel Wireless Q4 Loss Widens; Issues Q1 Outlook - Quick Facts

(RTTNews) - Novatel Wireless Inc (NVTL) posted fourth-quarter net loss of $21.3 million, or $0.63 per share, wider than $14.9 million, or $0.45 per share in the same period last year.

Adjusted loss for the latest fourth quarter was $5.6 million, or $0.16 per share. On average, six analysts polled by Thomson Reuters expected the company to report a loss of $0.08 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues declined to $65.34 million from $70.68 million last year, while five analysts expected revenues of $73.51 million.

Looking ahead to the first quarter, the company expects non-GAAP net loss of $0.22 to $0.15 per share, with revenues in the order of $50 million to $54 million. Analysts currently expect the company to report a loss of $0.07 per share on first-quarter revenues of $75 million.