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Friday, August 3, 2018

=Sierra Wireless (SWIR) reported earnings on Fri 3 Aug 2018 (b/o)

Sierra Wireless beats by $0.06, beats on revs; guides Q3 EPS in-line, revs in-line 
  • Reports Q2 (Jun) earnings of $0.27 per share, excluding non-recurring items, $0.06 better than the Capital IQ Consensus of $0.21; revenues rose 16.4% year/year to $201.9 mln vs the $199.17 mln Capital IQ Consensus.
    • Gross margin was 34.4% in the second quarter of 2018 compared to 34.5% in the second quarter of 2017.
  • Co issues in-line guidancefor Q3, sees EPS of $0.22-0.30, excluding non-recurring items, vs. $0.24 Capital IQ Consensus Estimate; sees Q3 revs of $198-207 mln vs. $198.05 mln Capital IQ Consensus Estimate.

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