Gentherm: 2Q Earnings Snapshot
NORTHVILLE, Mich. (AP) _ Gentherm Inc. (THRM) on Tuesday reported a second-quarter loss of $10.3 million, after reporting a profit in the same period a year earlier.
The Northville, Michigan-based company said it had a loss of 32 cents per share. Losses, adjusted for non-recurring costs, were 30 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 54 cents per share.
The maker of climate-controlled seats and other products posted revenue of $136.1 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $115.7 million.
Gentherm shares have fallen 9% since the beginning of the year. The stock has climbed 1.5% 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 THRM at https://www.zacks.com/ap/THRM