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