Sierra Wireless: 4Q Earnings Snapshot

RICHMOND, British Columbia (AP) _ Sierra Wireless Inc. (SWIR) on Tuesday reported fourth-quarter net income of $956,000, after reporting a loss in the same period a year earlier.

On a per-share basis, the Richmond, British Columbia-based company said it had net income of 3 cents. Losses, adjusted for one-time gains and costs, were 19 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 27 cents per share.

The wireless broadband modem maker posted revenue of $120.5 million in the period.

For the year, the company reported that its loss narrowed to $49.3 million, or $1.36 per share. Revenue was reported as $448.6 million.

Sierra Wireless shares have risen 19% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $17.37, an increase of 100% 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