What to Expect From Sierra Wireless' Q2 Earnings Report

What to Expect From Sierra Wireless' Q2 Earnings Report

Shares of Sierra Wireless (NASDAQ: SWIR) have shot up 90% so far this year as the company has shown a remarkable turnaround in its financial performance of late. The Internet of Things (IoT) specialist had beaten estimates in the last reported quarter by a comfortable margin, tripling its net income year over year on the back of double-digit revenue growth.

Sierra's OEM (original equipment manufacturer) solutions business played a critical role in its terrific growth last quarter, accounting for more than 80% of its total revenue and showing a 10% year-over-year increase. Investors will now be looking for a repeat performance when the chipmaker releases  its second-quarter results after the market closes on Aug. 2. But can Sierra Wireless deliver once again? Let's take a look.

Image Source: Sierra Wireless 

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Source: Fool.com