Sierra Wireless (USA) (SWIR) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $0.20 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $0.12. The company posted revenue of $156.23 million in the period, compared to analysts expectations of $154.95 million. The company’s revenue was down -1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.
Sierra Wireless (USA) closed down -0.78 points or -4.40% at $16.95 with 3,13,531 shares getting traded on Tusday. Post opening the session at $17.71, the shares hit an intraday low of $16.89 and an intraday high of $17.77 and the price fluctuated in this range throughout the day.Shares ended Tusday 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.