3G/4G modem vendor Novatel (NVTL -16.5%) gets hammered following an uneven Q3 report. While...


3G/4G modem vendor Novatel (NVTL -16.5%) gets hammered following an uneven Q3 report. While revenue of $113.3M (+50% Y/Y) and breakeven EPS beat consensus by $0.3M and $0.08, Novatel is guiding for Q4 revenue of $105M-$120M and EPS of -$0.10 to $0.00, below a consensus of $122.7M and $0.02. Thai flooding is expected to impact Q4 sales by $3M-$4M.

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