Gentherm: 1Q Earnings Snapshot

Gentherm: 1Q Earnings Snapshot

Associated Press
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NORTHVILLE, Mich. (AP) _ Gentherm Inc. (THRM) on Tuesday reported first-quarter profit of $8.4 million.

The Northville, Michigan-based company said it had net income of 25 cents per share. Earnings, adjusted for one-time gains and costs, came to 55 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share.

The maker of climate-controlled seats and other products posted revenue of $257.9 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $248.8 million.

Gentherm expects full-year revenue in the range of $1.01 billion to $1.04 billion.

Gentherm shares have increased slightly more than 4% since the beginning of the year. The stock has climbed 23% in the last 12 months.

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

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