Sierra Wireless (SWIR) reported earnings on Tue 5 Nov 19 (a/h)

** charts after earnings **

Sierra Wireless misses by $0.08, misses on revs; guides FY19 EPS below consensus, revs below consensus

Reports Q3 (Sep) earnings of $0.03 per share, excluding non-recurring items, $0.08 worse than the S&P Capital IQ Consensus of $0.11; revenues fell 14.5% year/year to $174.03 mln vs the $191.16 mln S&P Capital IQ Consensus.

• Gross margin was 31.7% in the third quarter of 2019 compared to 33.1% in the third quarter of 2018.

Co issues downside guidance for FY19, sees EPS of $0.00-0.03, excluding non-recurring items, vs. $0.32 S&P Capital IQ Consensus; sees FY19 revs of $708-712 mln vs. $753.64 mln S&P Capital IQ Consensus.