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Sequans: Q2 Earnings Snapshot
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COLOMBES, France (AP) — COLOMBES, France (AP) — Sequans Communications SA (SQNS) on Tuesday reported a loss of $9.8 million in its second quarter.

The Colombes, France-based company said it had a loss of 65 cents per share. Losses, adjusted for asset impairment costs and non-recurring costs, came to 27 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 47 cents per share.

The chip company posted revenue of $7.5 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $7.1 million.

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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 SQNS at https://www.zacks.com/ap/SQNS

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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