Novatel Wireless' (NVTL) fourth-quarter earnings met recently lowered targets.
The laptop wireless "air-card" maker posted net income of $5.2 million, or 17 cents a share, on sales of $33.4 million. Those figures compare with a year-ago loss of $2.1 million on $10.6 million in revenue. For the year, Novatel earned $13.7 million on sales of $103.7 million, a substantial increase from the $16.7 million loss on revenue of $33.8 million in 2003. Last month, Novatel said sales for the fourth quarter ended in December would be in the $32 million-$34 million range. Analysts had been expecting $36 million for the quarter, according to Reuters Research. "We believe that Novatel Wireless is clearly establishing itself as the world leader in 3G wireless data cards," CEO Peter Leparulo said in an earnings release Thursday. Shares of the mobile Net access gearmaker jumped 27 cents, or 2%, to $12.30 in postclose trading Thursday.>To order reprints of this article, click here: ReprintsTheStreet Premium Services For Personal Service: 877-471-2967
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn MoreETF Profits:
Get money-making ideas from the hottest investment vehicle on the planet. Our experts show you how to play various ETF sectors to help pump-up your portfolio. Learn MoreOptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn MoreReal Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn MoreStocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn MoreTo begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 12,842.10 | 1,350.45 | 2,920.89 | 19.74 |
Oil *
117.86
|
|
UP
40.87 |
UP
7.81 |
UP
17.01 |
UP
0.05 |
10 Yr
1.97%
SPDR Gold
167.10
|
|
+0.32%
|
+0.58%
|
+0.59%
|
+0.25%
|
Data delayed 20 minutes |

Connect with TheStreet