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Post Novatel Slides 13%; 2Q EPS $.03 Misses, Forecast Bleak - 08-19-2008, 11:00 PM

Quarter billion-dollar (market cap) wireless modem maker Novatel Wireless (NVTL) is getting crushed after hours, falling $1.10, over 13%, to $7.30, after the company this evening reported sales of $89 million its second quarter ended June 30, ahead of an average estimate of $87.8 million, but non-GAAP profit per share of just 3 cents, well [...]

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