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.