Sierra Wireless (SWIR) Tops Q2 EPS by 1c; Issues Upside Guidance

Sierra Wireless (NASDAQ: SWIR) reported Q2 EPS of $0.08, $0.01 better than the analyst estimate of $0.07. Revenue for the quarter came in at $135 million versus the consensus estimate of $129.42 million.

Sierra Wireless sees Q3 2014 EPS of $0.12-$0.15, versus the consensus of $0.12. Sierra Wireless sees Q3 2014 revenue of $137-140 million, versus the consensus of $132.7 million.

“In the second quarter, strong organic revenue growth, combined with a solid contribution from recent acquisitions, enabled continued profitability gains,” said Jason Cohenour, President and Chief Executive Officer. “In the second half, we expect to deliver continued revenue and profitability growth, while also pursuing additional strategic acquisitions to expand our leadership position in the machine-to-machine (M2M) market.”

For earnings history and earnings-related data on Sierra Wireless (SWIR) click here.

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