Why Sierra Wireless, Inc. (SWIR) Stock Is Sinking Today

Shares are down more than 7%

Sierra Wireless, Inc. (NASDAQ:SWIR) posted an update on its second-quarter outlook Monday.

Sierra Wireless, Inc.The company expects $0.21 to $0.24 earnings per share for the quarter, lower than the consensus estimate of $0.25 earnings per share..

Sierra Wireless also posted its expected guidance–$153 million to $156 million. Wall Street analysts expect $157.11 million.

The company posted its quarterly earnings results on May 7, reporting better-than-expected earnings per share of $0.22. This figure is higher than the year-ago period’s $0.02 earnings per share.

Sierra Wireless’ revenue for the quarter was up 24.1% year-to-year.

SWIR stock is down about 7.3% Friday afternoon. Shares are down 28% YTD.

More From InvestorPlace


Article printed from InvestorPlace Media, https://investorplace.com/2015/05/sierra-wireless-inc-swir-stock/.

©2019 InvestorPlace Media, LLC