SRI

Stoneridge Inc. Q3 adjusted earnings of $0.18 per share

(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

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.