Sensata Technologies Reports Third Quarter 2019 Financial Results
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Sensata Technologies (ST) Reports In-Line Q3 EPS, Revenues Miss; Lowers FY19 EPS/Revenue Outlook Below Consensus, Offers Q4 EPS/Revenue Views Below Consensus
October 30, 2019 6:11 AM EDTSensata Technologies (NYSE: ST) reported Q3 EPS of $0.90, in-line with the analyst estimate of $0.90. Revenue for the quarter came in at $849.7 million versus the consensus estimate of $855.78 million.
Revenue:
Revenue was $849.7 million, a decrease of $23.8 million, or 2.7%, compared to $873.6 million in the third quarter of 2018.Revenue declined 2.8% on an organic basis, which excludes the effects of the following:Foreign currency exchange rates: (0.3%) change versus the prior year period.Acquisitions and divestitures, net: 0.4% change versus the prior year period.Operating income:
Operating income was $146.1 million (17.2%... More