Stoneridge: Q1 Earnings Snapshot

Associated Press Finance
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NOVI, Mich. (AP) — NOVI, Mich. (AP) — Stoneridge Inc. (SRI) on Wednesday reported a loss of $7.4 million in its first quarter.

The Novi, Michigan-based company said it had a loss of 27 cents per share. Losses, adjusted for non-recurring costs, came to 25 cents per share.

The maker of electronic components for the automotive and other markets posted revenue of $241.3 million in the period. Its adjusted revenue was $232.2 million.

Stoneridge expects full-year results to range from a loss of 10 cents per share to earnings of 10 cents per share, with revenue in the range of $960 million to $990 million.

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

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