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PowerFleet: Fiscal Q2 Earnings Snapshot
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WOODCLIFF LAKE, N.J. (AP) — WOODCLIFF LAKE, N.J. (AP) — PowerFleet, Inc. (AIOT) on Monday reported a loss of $6.9 million in its fiscal second quarter.

On a per-share basis, the Woodcliff Lake, New Jersey-based company said it had a loss of 5 cents. Earnings, adjusted for one-time gains and costs, came to 4 cents per share.

The maker of tracking and communications technology for fleet vehicles posted revenue of $115.7 million in the period, surpassing Street forecasts. Five analysts surveyed by Zacks expected $114.6 million.

PowerFleet expects full-year revenue in the range of $468 million to $473 million.

The company's shares closed at $2.69. A year ago, they were trading at $4.89.

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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

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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