Sierra Wireless (SWIR) reported earnings on Thur 8 Nov 2018 (a/h)

** charts before earnings **

 

** charts after earnings **

 

Sierra Wireless beats by $0.03, reports revs in-line; guides Q4 EPS below consensus, revs below consensus

• Reports Q3 (Sep) earnings of $0.29 per share, $0.03 better than the S&P Capital IQ Consensus of $0.26; revenues rose 17.8% year/year to $203.4 mln vs the $202.2 mln S&P Capital IQ Consensus.
• Non-GAAP gross margin was 33.1% in 3Q18 compared to 33.3% in 3Q17.
• Adjusted EBITDA were $16.0 million in 3Q18 compared to $13.2 million in 3Q17.
• Co issues downside guidance for Q4, sees EPS of $0.22-$0.30 vs. $0.31 S&P Capital IQ Consensus; sees Q4 revs of $200-$208 mln vs. $208.18 mln S&P Capital IQ Consensus.