Sierra Wireless (SWIR) Tops Q1 EPS by 3c, Revenues Beat; Offers FY19 EPS Mid-Point Guidance Above Consensus

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Go back to Sierra Wireless (SWIR) Tops Q1 EPS by 3c, Revenues Beat; Offers FY19 EPS Mid-Point Guidance Above Consensus

Sierra Wireless Reports First Quarter 2019 Results

May 9, 2019 4:32 PM EDT

VANCOUVER, British Columbia--(BUSINESS WIRE)-- Sierra Wireless, Inc. (NASDAQ: SWIR) (TSX: SW) today reported results for its first quarter ended March 31, 2019. All results are reported in U.S. dollars and are prepared in accordance with United States generally accepted accounting principles (GAAP), except as otherwise indicated below.

Revenue for the first quarter of 2019 was $173.8 million compared to $186.8 million in the first quarter of 2018. Our reporting segmentation has changed from those reported at December 31, 2018 when we previously reported three segments. Our new organizational structure clearly delineates our Device-to-Cloud... More