Why Sierra Wireless Stock Gained Today

Shares of Sierra Wireless (NASDAQ: SWIR) have gained as much as 5% today after the company reported second-quarter earnings. The stock has since given up some of that ground and is up just 2% as of 2:15 p.m. EDT.

Revenue in the second quarter declined by 25% to $144.1 million, which translated into an adjusted net loss of $11.1 million, or $0.30 per share. That bottom-line result was better than the $0.35 per share in adjusted losses that analysts were expecting.

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Source Fool.com