* Q2 adj EPS $0.14 vs est $0.08
* Q2 rev rose rose 18 pct to $159.1 million
* Sees Q3 adj EPS in range of $0.15 to C$0.17
July 29 (Reuters) - Canada's Sierra Wireless Inc posted better-than-expected quarterly results, helped by higher demand for its machine-to-machine communications products, and forecast a strong third quarter.
For the third quarter, Sierra, which makes AirCard brand modems, said it expected adjusted earnings of 15 cents a share to 17 cents a share, on revenue of $168 million to $173 million.
Analysts on average were expecting earnings of 10 Canadian cents a share on revenue of $155.9 million, according to Thomson Reuters I/B/E/S.
For the second quarter, Sierra, posted net loss of $8.6 million or 28 cents a share, compared with net loss of $5.9 million or 19 cents, a year ago.
Excluding items, the company earned 14 cents a share, surpassing analysts average estimate of earnings of 8 cents a share.
Revenue for the quarter rose 18 percent to C$159.1 million. Analysts on average were expecting revenue of $156.6 million, according to Thomson Reuters I/B/E/S.
Machine to machine revenue for the quarter was up 53 percent to $83.6 million.
Shares of the company were closed at C$7.85 Thursday on the Toronto Stock Exchange.
(Reporting by Arnika Thakur in Bangalore; Editing by Aradhana Aravindan) Keywords: SIERRAWIRELESS/ (arnika.thakur@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: arnika.thakur.thomsonreuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Q2 rev rose rose 18 pct to $159.1 million
* Sees Q3 adj EPS in range of $0.15 to C$0.17
July 29 (Reuters) - Canada's Sierra Wireless Inc posted better-than-expected quarterly results, helped by higher demand for its machine-to-machine communications products, and forecast a strong third quarter.
For the third quarter, Sierra, which makes AirCard brand modems, said it expected adjusted earnings of 15 cents a share to 17 cents a share, on revenue of $168 million to $173 million.
Analysts on average were expecting earnings of 10 Canadian cents a share on revenue of $155.9 million, according to Thomson Reuters I/B/E/S.
For the second quarter, Sierra, posted net loss of $8.6 million or 28 cents a share, compared with net loss of $5.9 million or 19 cents, a year ago.
Excluding items, the company earned 14 cents a share, surpassing analysts average estimate of earnings of 8 cents a share.
Revenue for the quarter rose 18 percent to C$159.1 million. Analysts on average were expecting revenue of $156.6 million, according to Thomson Reuters I/B/E/S.
Machine to machine revenue for the quarter was up 53 percent to $83.6 million.
Shares of the company were closed at C$7.85 Thursday on the Toronto Stock Exchange.
(Reporting by Arnika Thakur in Bangalore; Editing by Aradhana Aravindan) Keywords: SIERRAWIRELESS/ (arnika.thakur@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: arnika.thakur.thomsonreuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.