• Sequans Communications SA SQNS.N reported quarterly adjusted earnings of $2.91​​ per share for the quarter ended January 1, higher than the same quarter last year, when the company reported EPS of -30 cents. The lone analyst forecast for the quarter was for a loss of 37 cents per share.

• Revenue rose 29.5% to $10.08 million from a year ago; analysts expected $4.80 million.

• Sequans Communications SA's reported EPS for the quarter was $2.61​.

• The company reported quarterly net income of $72.28 million.

• Sequans Communications SA shares had fallen by 14.3% this quarter and lost 64.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 114.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the semiconductors peer group is also "buy"

Wall Street's median 12-month price target for Sequans Communications SA is $7.50

This summary was machine generated from LSEG data November 6 at 05:01 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)