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Sierra Wireless: 1Q Earnings Snapshot

RICHMOND, British Columbia (AP) _ Sierra Wireless Inc. (SWIR) on Thursday reported a loss of $11.2 million in its first quarter.

The Richmond, British Columbia-based company said it had a loss of 31 cents per share. Losses, adjusted for one-time gains and costs, came to 2 cents per share.

The wireless broadband modem maker posted revenue of $173.8 million in the period.

Sierra Wireless expects full-year earnings in the range of 30 cents to 35 cents per share.

Sierra Wireless shares have dropped almost 3% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $13.07, a decrease of 26% in the last 12 months.


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