Sierra Wireless (USA) (SWIR) Releases Earnings Results, Beats Expectations By $0.07 EPS

Sierra Wireless (USA) (SWIR) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.08 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $0.01. The company posted revenue of $142.80 million in the period, compared to analysts expectations of $139.85 million. The company’s revenue was down -5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS.

Sierra Wireless (USA) closed down -0.36 points or -2.35% at $14.97 with 4,05,760 shares getting traded on Wednesday. Post opening the session at $15.13, the shares hit an intraday low of $14.82 and an intraday high of $15.664 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Sierra Wireless Inc. is a provider of cellular wireless solutions to the machine-to-machine (M2M) and connected device markets. The Company develops and markets a range of wireless products that include embedded modules and embedded software for original equipment manufacturers (OEMs) gateways and routers for industrial commercial and public safety applications and a cloud-based platform for delivering device management and enabling end-to-end applications. The company’s products services and solutions connect people their mobile computers and machines to wireless voice and data networks around the world. The Company operates through two segments: OEM Solutions which includes AirPrime embedded wireless modules (including embedded wireless modules for PC OEM customers) and Enterprise Solutions which includes Airlink Intelligent Gateways AirVantage M2M Cloud and InMotion Solutions.

Sierra Wireless  (USA)

Leave a Reply

Sierra Wireless (USA) - Is it time to Sell?

Top Brokerage Firms are advising their investors on Sierra Wireless (USA). Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.