Lantronix Inc

NASDAQ:LTRXUnited States

Nov 7, 2024

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• DJ Stocks to Watch: Pinterest, Lantronix, from 6:55PM ET on Thursday Nov 07, 2024 by Dow Jones

  6:55PM ET on Thursday Nov 07, 2024 by Dow Jones
  Companies Mentioned: LTRX, PINS
  
  By Connor Hart
  
  Pinterest posted quarterly revenue gains only slightly above Wall Street estimates and guided for an increase in operating expenses. The social-media platform's third-quarter revenue jumped 18%, to $898.4 million, just beating the $896.9 million that Wall Street forecast, according to FactSet. The company is investing in artificial-intelligence to personalize experiences and add value to advertisers, but those investments are costly. The company expects operating expenses between $495 million and $510 million in the fourth quarter, marking an increase of between 11% and 14% from last year. Shares fall 11%, to $30.20, in after-hours trading.
  

• DJ Lantronix Looks to Improve 5G Offerings With Acquisition, from 6:33PM ET on Thursday Nov 07, 2024 by Dow Jones

  6:33PM ET on Thursday Nov 07, 2024 by Dow Jones
  Companies Mentioned: LTRX
  
  By Connor Hart
  
  Lantronix will acquire DSZ's NetComm enterprise portfolio for $6.5 million in a deal the company said expands its next-generation 5G capabilities.
  
  The acquisition, financed in cash together with the assumption of certain liabilities, is expected to close during the fiscal second quarter subject to certain conditions, Lantronix said Thursday.
  

• -- Earnings Flash (LTRX) LANTRONIX Posts Q1 EPS $0.06, from 4:29PM ET on Thursday Nov 07, 2024 by MT Newswires

  4:29PM ET on Thursday Nov 07, 2024 by MT Newswires
  Companies Mentioned: LTRX
  04:29 PM EST, 11/07/2024 (MT Newswires) -- ...