Superior Industries: 2Q Earnings Snapshot

August 8, 2018

SOUTHFIELD, Mich. (AP) _ Superior Industries International Inc. (SUP) on Wednesday reported second-quarter net income of $8.1 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Southfield, Michigan-based company said it had net income of 9 cents. Earnings, adjusted for costs related to mergers and acquisitions, were 25 cents per share.

The maker of aluminum wheels for the auto industry posted revenue of $389 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $383.5 million.

Superior Industries expects full-year revenue in the range of $1.52 billion to $1.56 billion.

Superior Industries shares have climbed 31 percent since the beginning of the year. The stock has climbed 14 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SUP at https://www.zacks.com/ap/SUP

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