COLOMBES, France (AP) _ Sequans Communications SA (SQNS) on Tuesday reported a loss of $8.1 million in its second quarter.
On a per-share basis, the Colombes, France-based company said it had a loss of 9 cents. Losses, adjusted for non-recurring costs and stock option expense, came to 7 cents per share.
The results matched Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for a loss of 7 cents per share.
The chip company posted revenue of $12.7 million in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $13.5 million.
For the current quarter ending in October, Sequans expects its results to range from a loss of 8 cents per share to a loss of 6 cents per share.
The company's shares closed at $1.83. A year ago, they were trading at $3.61.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SQNS at https://www.zacks.com/ap/SQNS