January 31, 2008 / 9:44 PM / 10 years ago

Sierra Wireless profit jumps on record revenue

(In U.S. dollars)

TORONTO, Jan 31 (Reuters) - Sierra Wireless Inc SW.TO SWIR.O reported a fourth-quarter profit on Thursday that beat its forecasts, helped by record quarterly revenue and the early shipment of its new AirCard line of wireless modems.

Sierra said it earned $11.5 million, or 37 cents a share, in the latest quarter, up from a profit of $2.4 million, or 9 cents a share, in the same period a year earlier.

$1=$1.00 Canadian Reporting by Wojtek Dabrowski and Lynne Olver; Editing by Peter Galloway

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