U.S. Markets closed
  • S&P 500

    3,635.41
    +57.82 (+1.62%)
     
  • Dow 30

    30,046.24
    +454.97 (+1.54%)
     
  • Nasdaq

    12,036.79
    +156.15 (+1.31%)
     
  • Russell 2000

    1,853.53
    +35.23 (+1.94%)
     
  • Crude Oil

    44.78
    -0.13 (-0.29%)
     
  • Gold

    1,804.60
    0.00 (0.00%)
     
  • Silver

    23.28
    -0.01 (-0.06%)
     
  • EUR/USD

    1.1902
    +0.0006 (+0.0476%)
     
  • 10-Yr Bond

    0.8820
    +0.0250 (+2.92%)
     
  • Vix

    21.64
    -1.02 (-4.50%)
     
  • GBP/USD

    1.3363
    +0.0004 (+0.0321%)
     
  • USD/JPY

    104.5220
    +0.0420 (+0.0402%)
     
  • BTC-USD

    19,100.42
    -19.88 (-0.10%)
     
  • CMC Crypto 200

    379.76
    +10.01 (+2.71%)
     
  • FTSE 100

    6,432.17
    +98.33 (+1.55%)
     
  • Nikkei 225

    26,576.11
    +410.52 (+1.57%)
     

Stoneridge: 3Q Earnings Snapshot

·1 min read

NOVI, Mich. (AP) _ Stoneridge Inc. (SRI) on Wednesday reported third-quarter profit of $6.7 million.

The Novi, Michigan-based company said it had profit of 25 cents per share. Earnings, adjusted for non-recurring gains, were 18 cents per share.

The maker of electronic components for the automotive and other markets posted revenue of $175.8 million in the period.

For the current quarter ending in December, Stoneridge expects its results to range from a loss of 5 cents per share to earnings of 5 cents per share.

The company said it expects revenue in the range of $165 million to $175 million for the fiscal fourth quarter.

Stoneridge expects full-year results to range from a loss of 22 cents per share to a loss of 12 cents per share, with revenue ranging from $624 million to $634 million.

Stoneridge shares have dropped 25% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $22.08, a drop of 34% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SRI at https://www.zacks.com/ap/SRI