Sensata Technologies (ST) Tops Q2 EPS by 1c

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Sensata Technologies Reports Second Quarter 2016 Financial Results

July 26, 2016 6:00 AM EDT

ALMELO, the Netherlands, July 26, 2016 (GLOBE NEWSWIRE) -- Sensata Technologies (NYSE: ST) today announced financial results for its second quarter and six months ended June 30, 2016.

Revenue for the second quarter 2016 was $827.5 million, an increase of $57.1 million, or 7.4%, from $770.4 million for the second quarter of 2015. Excluding an 8.5 percent positive effect from acquisitions, net of exited businesses, and a 1.2 percent negative effect from changes in foreign exchange rates, Sensata reported flat organic revenue growth in the second quarter of 2016.

Net income for the second quarter 2016 was $65.5 million, which was 7.9% of revenue, or $0.38 per... More