Gentherm: 4Q Earnings Snapshot
NORTHVILLE, Mich. (AP) _ Gentherm Inc. (THRM) on Thursday reported fourth-quarter net income of $12.6 million, after reporting a loss in the same period a year earlier.
The Northville, Michigan-based company said it had profit of 36 cents per share. Earnings, adjusted for non-recurring costs, were 50 cents per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share.
The maker of climate-controlled seats and other products posted revenue of $253.7 million in the period, which also missed Street forecasts. Four analysts surveyed by Zacks expected $264.6 million.
For the year, the company reported profit of $41.9 million, or $1.16 per share. Revenue was reported as $1.04 billion.
Gentherm expects full-year revenue in the range of $1.01 billion to $1.04 billion.
Gentherm shares have climbed slightly more than 7 percent since the beginning of the year. The stock has increased 29 percent in the last 12 months.