Sierra Wireless (SWIR) Tops Q3 EPS by 3c, Beats on Revenues; Offers Q4 EPS/Revenue Outlook

Sierra Wireless (NASDAQ: SWIR) reported Q3 EPS of $0.24, $0.03 better than the analyst estimate of $0.21. Revenue for the quarter came in at $173.24 million versus the consensus estimate of $170.22 million.

NON-GAAP RESULTS

• Gross margin was 33.4% in the third quarter of 2017, compared to 32.2% in the third quarter of 2016.
• Operating expenses were $48.6 million and earnings from operations were $9.3 million in the third quarter of 2017, compared to operating expenses of $43.2 million and earnings from operations of $6.3 million in the third quarter of 2016.
• Net earnings were $7.6 million, or $0.23 per diluted share, in the third quarter of 2017, compared to net earnings of $4.1 million, or $0.13 per diluted share, in the third quarter of 2016.
• Adjusted earnings before interest, taxes, depreciation and amortization (\"Adjusted EBITDA\") were $13.1 million in the third quarter of 2017, compared to $9.7 million in the third quarter of 2016.

GUIDANCE:

Sierra Wireless sees Q4 2017 EPS of $0.21-$0.29. Sierra Wireless sees Q4 2017 revenue of $172-180 million.

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

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