PowerFleet Reports Q2 Loss, Beats Revenue Expectations

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PowerFleet, a fleet tracking tech company, reported a Q2 net loss of $4.3M, but a positive adjusted earnings of $0.02 per share. Despite the loss, revenue of $111.7M exceeded expectations. PowerFleet anticipates full-year revenue between $435M and $445M. Shares closed at $4.89, down from $5.40 a year ago.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.

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