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Sierra Wireless Up 13% On Lower Q1 Loss, Higher Revenues

Shares of Canadian communication company, Sierra Wireless, Inc. (SWIR) are rising 13 percent on Thursday's trading after the company posted narrower loss in the first quarter.

During the three-month period, the company's net loss narrowed to $12.7 million or $0.33 per share, compared to net loss of $29.9 million or $0.81 per share in the same period last year.

Revenues were up 60 percent to $172.9 million from $108.1 million a year ago.

Currently at $18.49, the stock has traded between $13.10 and $20.94 during the past 52 weeks.

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