Reuters :: Small Business News

Novatel shares hit two-year low as Q2 disappoints

BANGALORE (Reuters) - Shares of Novatel Wireless Inc fell as much as 25 percent to a two-year low on Wednesday, a day after the maker of wireless modem's reported lower-than-expected quarterly results and forecast a weak third quarter.<div class="feedflare"> <a href="http://feeds.reuters.com/~f/reuters/smallBusinessNews?a=2xqe8K"><img src="http://feeds.reuters.com/~f/reuters/smallBusinessNews?i=2xqe8K" border="0"></img></a> <a href="http://feeds.reuters.com/~f/reuters/smallBusinessNews?a=PxoWGk"><img src="http://feeds.reuters.com/~f/reuters/smallBusinessNews?i=PxoWGk" border="0"></img></a> <a href="http://feeds.reuters.com/~f/reuters/smallBusinessNews?a=2tX04k"><img src="http://feeds.reuters.com/~f/reuters/smallBusinessNews?i=2tX04k" border="0"></img></a> </div><img src="http://feeds.reuters.com/~r/reuters/smallBusinessNews/~4/370215552" height="1" width="1"/>