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.