COLOMBES, France (AP) — COLOMBES, France (AP) — Sequans Communications SA (SQNS) on Tuesday reported a loss of $1.5 million in its third quarter.
On a per-share basis, the Colombes, France-based company said it had a loss of 10 cents. Losses, adjusted for stock option expense and non-recurring costs, came to 4 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 54 cents per share.
The chip company posted revenue of $9.1 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $9 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
