ALPHARETTA, Ga. (AP) _ Inseego Corp. (INSG) on Wednesday reported a loss of $17.2 million in its first quarter.

The Alpharetta, Georgia-based company said it had a loss of 18 cents per share. Losses, adjusted for stock option expense and non-recurring costs, were 8 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.

The holding company posted revenue of $57.6 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $59.1 million.

Inseego shares have declined 47% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $8.15, a drop of 27% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on INSG at https://www.zacks.com/ap/INSG