Powerfleet shares tumble 17% as revenue miss and weaker guidance overshadow earnings beat
Powerfleet Inc. (NASDAQ:AIOT) shares dropped 17.69% in pre-market trading after reporting mixed fiscal first-quarter 2027 results. While earnings beat expectations, revenue fell short of Wall Street forecasts, and the company issued weaker full-year fiscal 2027 revenue guidance, despite improvements in margins and cash flow. …
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