COLOMBES, France (AP) _ Sequans Communications SA (SQNS) on Tuesday reported a loss of $9.9 million in its third quarter.
The Colombes, France-based company said it had a loss of 10 cents per share. Losses, adjusted for non-recurring costs and stock option expense, came to 8 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.
The chip company posted revenue of $10.3 million in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $14.4 million.
The company's shares closed at $1.32. A year ago, they were trading at $1.99.
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