Sensata: 1Q Earnings Snapshot
ATTLEBORO, Mass. (AP) _ Sensata Technologies Holding NV (ST) on Wednesday reported first-quarter earnings of $8.4 million.
The Attleboro, Massachusetts-based company said it had net income of 5 cents per share. Earnings, adjusted for one-time gains and costs, came to 53 cents per share.
The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share.
The maker of sensing, electrical protection, control and power management products posted revenue of $774.3 million in the period, surpassing Street forecasts. Five analysts surveyed by Zacks expected $772 million.
Sensata shares have decreased 31% since the beginning of the year. The stock has fallen 26% in the last 12 months.