Stoneridge: 3Q Earnings Snapshot
NOVI, Mich. (AP) _ Stoneridge Inc. (SRI) on Wednesday reported third-quarter profit of $6.7 million.
The Novi, Michigan-based company said it had profit of 24 cents per share. Earnings, adjusted for restructuring costs and non-recurring costs, came to 37 cents per share.
The maker of electronic components for the automotive and other markets posted revenue of $203.4 million in the period.
Stoneridge expects full-year earnings to be $1.55 per share.
Stoneridge shares have risen 34% since the beginning of the year. The stock has risen 30% 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 SRI at https://www.zacks.com/ap/SRI