Sierra Wireless Posts a Quarterly Miss, Lowers Guidance
Sierra Wireless (NASDAQ: SWIR) released weaker-than-expected third-quarter 2019 results late Tuesday. Though management attempted to frame the company's performance around progress in shifting toward its budding Internet of Things (IoT) solutions segment (where consolidated revenue still dropped modestly, nonetheless), that relative strength was all but overshadowed by the outsized weakness of Sierra Wireless' legacy embedded-broadband segment.
With shares down sharply in after-hours trading as the market absorbs the news, here's a closer look at how Sierra Wireless fared over the past few months:
Q3 2019
Source Fool.com
