Stoneridge (SRI) Reports In-Line Q3 EPS, Loweres Sales Guiance
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Stoneridge Reports Strong Third-Quarter 2016 Results
October 27, 2016 8:31 AM EDTWARREN, Ohio, Oct. 27, 2016 /PRNewswire/ --Â
Reports Earnings Per Diluted Share From Continuing Operations of $0.36, an increase of $0.09 per share or 33.3% compared with 3Q15 Sales of $173.8 million increased by $11.8 million or 7.3% compared with 3Q15 Operating Income of $11.8 million increased by $2.8 million or 31.7% compared with 3Q15 PST generated positive operating profit in 3Q15; a $0.7 million improvement over 3Q15 Reaffirmed 2016 full-year gross margin, operating margin, earnings per share and EBITDA guidance; revised sales guidance slightly lower to range of $690.0-$700.0 millionStoneridge, Inc. (NYSE:... More
