Superior Industries (SUP) Misses Q3 EPS by 15c

Superior Industries (NYSE: SUP) reported Q3 EPS of $0.23, $0.15 worse than the analyst estimate of $0.38. Revenue for the quarter came in at $175.58 million versus the consensus estimate of $166.02 million.

Earnings per share for the third quarter of 2016 were reduced by approximately $0.27 from the impact of operating inefficiencies at one of the Company’s manufacturing facilities.

GUIDANCE:

Superior Industries sees FY2016 revenue of $715-725 million, versus the consensus of $723 million.

• Raises 2016 outlook for unit shipment growth, net sales, and value-added sales
• Reduces 2016 outlook for adjusted EBITDA to a range of $80 million to $88 million to reflect the impact of operating inefficiencies

For earnings history and earnings-related data on Superior Industries (SUP) click here.

You May Also Be Interested In

• Biogen (BIIB) tops earnings expectations but revenue falls short
• Hasbro (HAS) brand strength sees earnings top expectations
• Fortive (FTV) Tops Q1 EPS by 4c ; Offers Guidance