Sensata Technologies (ST) PT Raised to $49 at Barclays
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Sensata Technologies (ST) Tops Q2 EPS by 4c, Revenues Beat; Offers 3Q EPS/Revenue Mid-Point Below Consensus
July 28, 2020 6:14 AM EDTSensata Technologies (NYSE: ST) reported Q2 EPS of $0.18, $0.04 better than the analyst estimate of $0.14. Revenue for the quarter came in at $576.5 million versus the consensus estimate of $569.18 million.
Revenue:
Revenue was $576.5 million, a decrease of $307.2 million, or 34.8%, compared to $883.7 million in the second quarter of 2019.Revenue declined 33.9% from the second quarter of 2019 on an organic basis, which excludes a (0.9%) effect from foreign currency exchange rates versus the prior year period.Operating (loss)/income:
Operating loss was $(1.9) million ((0.3%) of revenue), a... More