Superior Industries: 3Q Earnings Snapshot
SOUTHFIELD, Mich. (AP) _ Superior Industries International Inc. (SUP) on Monday reported third-quarter net income of $11.1 million, after reporting a loss in the same period a year earlier.
The Southfield, Michigan-based company said it had net income of 12 cents per share. Earnings, adjusted for one-time gains and costs, were 24 cents per share.
The maker of aluminum wheels for the auto industry posted revenue of $317.1 million in the period.
For the current quarter ending in December, Superior Industries said it expects revenue in the range of $300 million to $325 million.
The company expects full-year revenue in the range of $1.06 billion to $1.09 billion.
The company’s shares closed at $1.23. A year ago, they were trading at $2.60.
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