Sierra Wireless (SWIR) Tops Q1 EPS by 5c

Sierra Wireless (NASDAQ: SWIR) reported Q1 EPS of $0.22, $0.05 better than the analyst estimate of $0.17. Revenue for the quarter came in at $150.4 million versus the consensus estimate of $147.2 million.

Sierra Wireless sees Q2 2015 EPS of $0.21-$0.24, versus the consensus of $0.25. Sierra Wireless sees Q2 2015 revenue of $153-156 million, versus the consensus of $156.95 million.

“We delivered record revenue and strong year-over-year growth in profitability in the first quarter of 2015,” said Jason Cohenour, President and Chief Executive Officer. “We also significantly expanded our position in the Internet of Things value chain with the acquisition of Wireless Maingate, adding connectivity and managed services to our device-to-cloud solutions. As we continue to strengthen our device-to-cloud offering, we remain focused on profitable growth and enhancing our leadership position with strategic acquisitions.”

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

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