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Sierra Wireless beats 2Q profit forecasts

RICHMOND, British Columbia (AP) _ Sierra Wireless Inc. (SWIR) on Thursday reported second-quarter net income of $718,000.

On a per-share basis, the Richmond, British Columbia-based company said it had profit of 2 cents. Earnings, adjusted for stock option expense and pretax expenses, came to 20 cents per share.

The results beat Wall Street expectations. The average estimate of...