Sierra Wireless (SWIR) reported earnings on Thur 9 Feb 2017 (a/h)

** charts before earnings **

** charts after earnings **

 

** 6 weeks later **

• Sierra Wireless beats by $0.11, beats on revs; guides Q1 EPS above consensus, revs in-line
• Sierra Wireless also announced that Volkswagen (VLKAY) selected Sierra Wireless AirPrime AR Series modules and the Legato platform for its next generation of connected cars
• Sierra Wireless' integrated 4G technology will reach the market beginning in 2018 in several Volkswagen models worldwide.

Reports Q4 (Dec) adj. earnings of $0.27 per share, $0.11 better than the Capital IQ Consensus of $0.16; revenues rose 12.8% year/year to $163 mln vs the $161.06 mln Capital IQ Consensus. Revenue from OEM Solutions was $135.2 million in the fourth quarter of 2016, up 11.2% compared to $121.5 million in the fourth quarter of 2015. Revenue from Enterprise Solutions was $21.0 million in the fourth quarter of 2016, up 27.1% compared to $16.5 million in the fourth quarter of 2015. Revenue from Cloud and Connectivity Services was $6.8 million in the fourth quarter of 2016, comparable to the fourth quarter of 2015.Co issues guidance for Q1, sees EPS of $0.13-0.20, excluding non-recurring items, vs. $0.12 Capital IQ Consensus Estimate; sees Q1 revs of $152-161 mln vs. $155.51 mln Capital IQ Consensus Estimate.