Sierra Wireless Gives Mixed Outlook for 2001

Author:: TSC Staff
Publish date:: Dec 27, 2000 5:47 PM EST

Sierra Wireless

, a Canadian provider of wireless data communications equipment, said earnings for the first half of 2001 should meet or beat Wall Street's estimates, but the company provided a second-half forecast that would come in below analysts' expectations.

Sierra Wireless expects to report earnings of $660,000, or 4 cents a share, in the first quarter, on revenue of $22 million. The company expects to report second-quarter earnings of $727,000, or 4 cents a share, with revenue of $28.4 million.

For the third quarter, the company projected earnings of $1.1 million, or 6 cents a share, on revenue of $31.6 million. Sierra forecast fourth-quarter income of $1.8 million, or 10 cents a share, and $37.9 million in revenue. Finally, the company projected earnings of $4.2 million, or 24 cents a share, on revenue of $120 million, for the year.

According to

First Call/Thomson Financial

, analysts expect Sierra to earn 4 cents a share in the first quarter and 2 cents a share for the second quarter. Analysts are looking for third-quarter income of 7 cents a share and fourth-quarter earnings of 15 cents a share. Only two analysts provided estimates for the company's second, third and fourth quarters. A poll of six analysts produced an estimate of 26 cents for the full year.