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Superior Industries: 1Q Earnings Snapshot

SOUTHFIELD, Mich. (AP) _ Superior Industries International Inc. (SUP) on Thursday reported first-quarter profit of $2 million.

On a per-share basis, the Southfield, Michigan-based company said it had profit of 24 cents. Losses, adjusted for costs related to mergers and acquisitions, came to 22 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 15 cents per share.

The maker of aluminum wheels for the auto industry posted revenue of $357.7 million in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $363.7 million.

Superior Industries expects full-year revenue in the range of $1.42 billion to $1.47 billion.

The company's shares closed at $4.82. A year ago, they were trading at $13.30.


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