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Sierra Wireless (NASDAQ: SWIR) reported Q2 EPS of

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ciciagt Member Level  Friday, 08/03/18 06:29:23 AM
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Sierra Wireless (NASDAQ: SWIR) reported Q2 EPS of $0.27, $0.06 better than the analyst estimate of $0.21. Revenue for the quarter came in at $201.9 million versus the consensus estimate of $199.17 million.

“In the second quarter of 2018, we delivered solid revenue and adjusted EBITDA growth on a year-over-year and sequential basis,” said Kent Thexton, Interim CEO. “Our two fastest growing and highest margin businesses - namely Enterprise Solutions and IoT Services - represented 25% of total revenue in Q2 and we continued to strengthen our position as a leader in device-to-cloud IoT solutions.”

NON-GAAP RESULTS(1)

Gross margin was 34.4% in the second quarter of 2018 compared to 34.5% in the second quarter of 2017.
Operating expenses were $59.0 million and earnings from operations were $10.4 million in the second quarter of 2018 compared to operating expenses of $48.3 million and earnings from operations of $11.4 million in the second quarter of 2017.
Net earnings were $9.7 million, or $0.27 per diluted share, in the second quarter of 2018 compared to net earnings of $9.8 million, or $0.30 per diluted share, in the second quarter of 2017.
Adjusted earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA") were $15.6 million in the second quarter of 2018 compared to $14.9 million in the second quarter of 2017.
GUIDANCE:

Sierra Wireless sees Q3 2018 EPS of $0.22-$0.30, versus the consensus of $0.25. Sierra Wireless sees Q3 2018 revenue of $198-207 million, versus the consensus of $198.98 million.
https://www.streetinsider.com/dr/news.php?id=14468260

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