Sierra Wireless: 2Q Earnings Snapshot
RICHMOND, British Columbia (AP) _ Sierra Wireless Inc. (SWIR) on Thursday reported a loss of $15.6 million in its second quarter.
On a per-share basis, the Richmond, British Columbia-based company said it had a loss of 43 cents. Losses, adjusted for one-time gains and costs, were 30 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 35 cents per share.
The wireless broadband modem maker posted revenue of $144.1 million in the period.
Sierra Wireless shares have risen 36% since the beginning of the year. The stock has climbed 12% 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 SWIR at https://www.zacks.com/ap/SWIR
