WOODCLIFF LAKE, N.J. (AP) — WOODCLIFF LAKE, N.J. (AP) — PowerFleet, Inc. (AIOT) on Monday reported a loss of $4.3 million in its fiscal second quarter.
On a per-share basis, the Woodcliff Lake, New Jersey-based company said it had a loss of 3 cents. Earnings, adjusted for non-recurring costs, were 2 cents per share.
The maker of tracking and communications technology for fleet vehicles posted revenue of $111.7 million in the period, which topped Street forecasts. Five analysts surveyed by Zacks expected $105.6 million.
PowerFleet expects full-year revenue in the range of $435 million to $445 million.
The company's shares closed at $4.89. A year ago, they were trading at $5.40.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AIOT at https://www.zacks.com/ap/AIOT
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