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Wireless

Sierra Wireless Q3 sales flat, sees stronger Q4

Friday 4 November 2016 | 11:27 CET | News
Sierra Wireless reported third-quarter revenues down 0.7 percent year-on-year to USD 153.6 million, near the high end of its guidance. Revenue from its main business OEM Solutions fell 2.2 percent to USD 127.8 million, while enterprise and cloud service revenues were higher. An increase in oeprating costs led to an operating loss of USD 0.1 million for the period, compared to a profit of USD 4.2 million a year earlier. The net loss total USD 1.8 million, versus a profit of USD 3.3 million a year ago, and adjusted EPS fell to USD 0.13 from USD 0.23, also at the top of expectations. Since the

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Categories: Mobile & Wireless / Mobile & Wireless
Companies: Sierra Wireless
Countries: World
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