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Wireless

Sierra Wireless warns of softer demand in H2, buys GenX

Friday 5 August 2016 | 10:21 CET | News
Sierra Wireless reported revenue for the second quarter of 2016 of USD 156.2 million, a decrease of 1.1 percent compared to the second quarter of 2015 and in line with its outlook. Adjusted EBITDA fell to USD 12.1 million from USD 13.1 million after an increase in operating costs, and net earnings dropped to USD 0.7 million from USD 4.1 million. Adjusted EPS dropped to USD 0.20 from USD 0.26 a year ago but was better than the company's guidance. Sierra Wireless said it does not expect to reach its previous full-year guidance due to softer demand from some OEMs.

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