Sierra Wireless, Inc. Demonstrates Continued Improvement

Sierra Wireless, Inc. Demonstrates Continued Improvement

Sierra Wireless (NASDAQ: SWIR) announced slightly better-than-expected third-quarter 2017 results on Thursday after the market closed, including broad-based improvement from all three of its business segments. Sierra Wireless also updated investors on the status of its pending acquisition of Numerex Corp (NASDAQ: NMRX).

But despite following up with forward guidance that was roughly in line with investors' expectations, shares of the Internet of Things specialist fell nearly 5% on Friday in response. So let's take a closer look at what drove Sierra Wireless' business as it entered the second half, as well as what we can expect from the company in the coming months.

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Source: Fool.com