Sensata Technologies (ST) Tops Q3 EPS by 1c, Offers Q4 Guidance
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Sensata Technologies Reports Third Quarter 2016 Financial Results
October 25, 2016 6:00 AM EDTALMELO, the Netherlands, Oct. 25, 2016 (GLOBE NEWSWIRE) -- Sensata Technologies (NYSE: ST) today announced financial results for its third quarter and nine months ended September 30, 2016.
Revenue was $789.8 million in the third quarter of 2016, an increase of $62.4 million, or 8.6%, from revenue of $727.4 million in the third quarter of 2015. Excluding an 8.6% positive effect from acquisitions, net of exited businesses, and a 1.7% negative effect from changes in foreign exchange rates, Sensata reported organic revenue growth of 1.7% in the third quarter of 2016.
Net income was $69.8 million in the third quarter 2016, which... More
