Sierra Wireless: 2Q Earnings Snapshot

RICHMOND, British Columbia (AP) _ Sierra Wireless Inc. (SWIR) on Thursday reported a second-quarter loss of $11.4 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Richmond, British Columbia-based company said it had a loss of 32 cents. Earnings, adjusted for stock option expense and amortization costs, were 27 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.

The wireless broadband modem maker posted revenue of $201.9 million in the period.

For the current quarter ending in October, Sierra Wireless expects its per-share earnings to range from 22 cents to 30 cents.

The company said it expects revenue in the range of $198 million to $207 million for the fiscal third quarter.

Sierra Wireless shares have declined 21 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $16.20, a drop of 45 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SWIR at https://www.zacks.com/ap/SWIR