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Sierra Wireless: 3Q Earnings Snapshot

November 5, 2019 GMT

RICHMOND, British Columbia (AP) _ Sierra Wireless Inc. (SWIR) on Tuesday reported a loss of $20.2 million in its third quarter.

On a per-share basis, the Richmond, British Columbia-based company said it had a loss of 56 cents. Earnings, adjusted for non-recurring costs and stock option expense, were 3 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.

The wireless broadband modem maker posted revenue of $174 million in the period.

Sierra Wireless expects full-year revenue in the range of $708 million to $712 million.

Sierra Wireless shares have fallen 16% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $11.28, a fall of 39% 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