(RTTNews) - Stoneridge Inc. (SRI) revealed a profit for its third quarter that climbed from last year.
The company's profit totaled $6.71 million, or $0.25 per share. This compares with $6.66 million, or $0.24 per share, in last year's third quarter.
Excluding items, Stoneridge Inc. reported adjusted earnings of $4.9 million or $0.18 per share for the period.
The company's revenue for the quarter fell 13.6% to $175.76 million from $203.39 million last year.
Stoneridge Inc. earnings at a glance:
-Earnings (Q3): $4.9 Mln. vs. . last year. -Revenue (Q3): $175.76 Mln vs. $203.39 Mln last year.
-Guidance: Next quarter EPS guidance: ($0.05) to $0.05