Stoneridge: 2Q Earnings Snapshot
NOVI, Mich. (AP) _ Stoneridge Inc. (SRI) on Wednesday reported second-quarter earnings of $15.1 million.
The Novi, Michigan-based company said it had net income of 52 cents per share. Earnings, adjusted for non-recurring costs, were 55 cents per share.
The maker of electronic components for the automotive and other markets posted revenue of $220.6 million in the period.
Stoneridge shares have risen 49 percent since the beginning of the year. The stock has more than doubled in the last 12 months.