Stoneridge: Q4 Earnings Snapshot

Associated Press Finance
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NOVI, Mich. (AP) — NOVI, Mich. (AP) — Stoneridge Inc. (SRI) on Wednesday reported profit of $3 million in its fourth quarter.

The Novi, Michigan-based company said it had profit of 11 cents per share. Earnings, adjusted for non-recurring costs, came to 12 cents per share.

The maker of electronic components for the automotive and other markets posted revenue of $229.5 million in the period. Its adjusted revenue was $229.4 million.

For the year, the company reported a loss of $5.2 million, or 19 cents per share. Revenue was reported as $961.2 million.

Stoneridge expects full-year earnings to be 30 cents to 40 cents per share.

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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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