Sensata Technologies Reports Second Quarter 2019 Financial Results
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Sensata Technologies (ST) Misses Q2 EPS by 1c, Revenues Miss; Offers Q3 & FY19 EPS/Revenue Guidance Below Consensus
July 30, 2019 6:11 AM EDTSensata Technologies (NYSE: ST) reported Q2 EPS of $0.93, $0.01 worse than the analyst estimate of $0.94. Revenue for the quarter came in at $883.7 million versus the consensus estimate of $899.04 million.
Revenue:
Revenue was $883.7 million, a decrease of ($30.1) million, or (3.3%), compared to $913.9 million in the second quarter of 2018.Revenue declined 1.6% on an organic basis, which excludes the effects of the following:Foreign currency exchange rates - (1.0%) change versus the prior year period.Acquisitions and divestitures, net - (0.7%) change versus the prior year period.Operating income:
Operating income was $147.4... More