Sensata: 2Q Earnings Snapshot
SWINDON, Britain (AP) _ Sensata Technologies Holding NV (ST) on Tuesday reported second-quarter net income of $73.4 million.
The Swindon, Britain-based company said it had profit of 45 cents per share. Earnings, adjusted for amortization costs and restructuring costs, came to 93 cents per share.
The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 94 cents per share.
The maker of sensing, electrical protection, control and power management products posted revenue of $883.7 million in the period, also missing Street forecasts. Six analysts surveyed by Zacks expected $900.1 million.
For the current quarter ending in October, Sensata expects its per-share earnings to range from 88 cents to 92 cents.
The company said it expects revenue in the range of $847 million to $871 million for the fiscal third quarter.
Sensata expects full-year earnings in the range of $3.67 to $3.77 per share, with revenue ranging from $3.46 billion to $3.52 billion.
Sensata shares have increased slightly more than 8% since the beginning of the year. The stock has fallen roughly 10% in the last 12 months.