Sensata Technologies Reports Second Quarter 2018 Financial Results
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Sensata Technologies (ST) Reports In-Line Q2 EPS, Revenues Beat; Offers FY18 EPS Mid-Point Outlook Above Consensus
July 24, 2018 6:05 AM EDTSensata Technologies (NYSE: ST) reported Q2 EPS of $0.93, in-line with the analyst estimate of $0.93. Revenue for the quarter came in at $913.9 million versus the consensus estimate of $907.1 million.
Revenue in the second quarter of 2018 was $913.9 million, an increase of $74.0 million, or 8.8%, from revenue of $839.9 million in the second quarter of 2017. Excluding a 2.4% positive effect from changes in foreign exchange rates, Sensata reported organic revenuegrowth of 6.4% in the second quarter of 2018.Net income in the second quarter of 2018 grew 32.5%, totaling $105.3 million, which was 11.5% of revenue or $0.61 per diluted share,... More