Novatel Wireless Inc. (NVTL) reported third quarter EPS of $0.24 after the bell Thursday, compared to the $0.01 posted last year. The company expects to report fourth quarter EPS between $0.07 and $0.15.
Novatel Wireless gapped down sharply Friday and pulled back in early trade, before settling into a narrow range. Shares finished lower by $3.27 at $8.92 on the highest volume of the year. The stock closed testing its 200-day moving average, trading at a 3-month low.
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