Sensata: 3Q Earnings Snapshot
SWINDON, Britain (AP) _ Sensata Technologies Holding NV (ST) on Wednesday reported third-quarter earnings of $70.7 million.
On a per-share basis, the Swindon, Britain-based company said it had net income of 44 cents. Earnings, adjusted for one-time gains and costs, came to 90 cents per share.
The results met Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was also for earnings of 90 cents per share.
The maker of sensing, electrical protection, control and power management products posted revenue of $849.7 million in the period, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $854.5 million.
For the current quarter ending in December, Sensata expects its per-share earnings to range from 85 cents to 89 cents.
The company said it expects revenue in the range of $818 million to $842 million for the fiscal fourth quarter.
Sensata expects full-year earnings in the range of $3.51 to $3.55 per share, with revenue ranging from $3.42 billion to $3.45 billion.
Sensata shares have risen 15% since the beginning of the year. The stock has risen 21% in the last 12 months.