Stoneridge (SRI) Reports Mixed Q1 Results; Guides Slightly Lower
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Stoneridge (NYSE: SRI) reports Q1 EPS of ($0.49), versus the analyst estimate of ($0.19). Revenue for the quarter was $121.1 million, versus the consensus of $117.71 million.
First half of 2009 will be worse than originally expected, Stoneridge expects to be operating income and cash flow from operations positive in 2009, with improved business conditions by late third quarter and in the fourth quarter."
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