Sierra Wireless: 4Q Earnings Snapshot

RICHMOND, British Columbia (AP) _ Sierra Wireless Inc. (SWIR) on Thursday reported a loss of $10.9 million in its fourth quarter.

On a per-share basis, the Richmond, British Columbia-based company said it had a loss of 30 cents. Losses, adjusted for one-time gains and costs, were 8 cents per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.

The wireless broadband modem maker posted revenue of $174.3 million in the period.

For the year, the company reported that its loss widened to $70.5 million, or $1.95 per share. Revenue was reported as $713.5 million.

Sierra Wireless expects full-year revenue in the range of $690 million to $710 million.

Sierra Wireless shares have decreased slightly since the beginning of the year. In the final minutes of trading on Thursday, shares hit $9.54, a drop of 38% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SWIR at https://www.zacks.com/ap/SWIR