PREMARKET ALERT: Novatel Wireless (NVTL)

Posted in General 
July 31st, 2009

Novatel Wireless Inc. (Nasdaq: NVTL) are up more than 20 percent to $11.10 in the premarket, on volume of about 50,000 shares shortly after 8 a.m. It was among the most active issues in after-hours trading on Thursday evening. The company posted a second-quarter loss of 3 cents a share, in line with expectations, but raised third-quarter EPS guidance to a range of 7 to 14 cents a share; analysts had been expecting a Q3 loss of a penny a share. — Mike Tarsala

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