Sierra Wireless, Inc. (NASDAQ:SWIR) is expected to report third quarter earnings results, after market close, on Thursday 12th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 0.15 per share.
Looking ahead, the full year loss are expected at $ 0.95 per share on the revenues of $ 624.43 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 690.00 million ~ $ 710.00 million
Click Here For More Historical Outlooks Of Sierra Wireless, Inc.
Previous Quarter Performance
Sierra Wireless, Inc. disclosed loss for the second quarter of $ 0.30 per share, from the revenue of $ 144.06 million. The quarterly revenues reduced 24.72 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.35 per share from $ 143.27 million in revenue. The bottom line results beat street analysts by $ 0.05 or 14.29 percent, at the same time, top line results outshined analysts by $ 0.79 million or 0.55 percent.
Stock Performance
Shares of Sierra Wireless, Inc. traded up $ 0.48 or 4.34 percent on Wednesday, reaching $ 11.53 with volume of 169.30 thousand shares. Sierra Wireless, Inc. has traded high as $ 11.55 and has cracked $ 11.00 on the downward trend
The closing price of $ 11.53, representing a 156.38 % increase from the 52 week low of $ 4.31 and a 23.1 % decrease over the 52 week high of $ 14.37.
The company has a market capital of $ 419.37 million and is part of the Technology sector and Communication Equipment industry.
Conference Call
Sierra Wireless, Inc. will be hosting a conference call at 6:00 PM eastern time on 12th November 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, 1-877-201-0168 Toll Free or 1-647-788-4901 (International), when prompted, enter passcode 7390518 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.sierrawireless.com
Sierra Wireless, Inc., together with its subsidiaries, manufactures and sells cellular wireless devices, and provide services in the wireless communications and information technology industry in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its Original Equipment Manufacturer (OEM) Solutions segment offers embedded cellular modules, short range wireless modules, global navigation satellite system modules, software, and tools to integrate wireless connectivity into various products and solutions for OEM customers, including the embedded wireless modules product portfolio; cloud-based remote device and data management solutions; and Legato, an open source Linux-based platform. It also offers professional services to OEM customers during their product development and launch process.
