NOVI, Mich. (AP) _ Stoneridge Inc. (SRI) on Wednesday reported third-quarter profit of $6.7 million.
The Novi, Michigan-based company said it had profit of 25 cents per share. Earnings, adjusted for non-recurring gains, were 18 cents per share.
The maker of electronic components for the automotive and other markets posted revenue of $175.8 million in the period.
For the current quarter ending in December, Stoneridge expects its results to range from a loss of 5 cents per share to earnings of 5 cents per share.
The company said it expects revenue in the range of $165 million to $175 million for the fiscal fourth quarter.
Stoneridge expects full-year results to range from a loss of 22 cents per share to a loss of 12 cents per share, with revenue ranging from $624 million to $634 million.sonos sonos One (Gen 2) - Voice Controlled Smart Speaker with Amazon Alexa Built-in - Black read more
Stoneridge shares have dropped 25% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $22.08, a drop of 34% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SRI at https://www.zacks.com/ap/SRI
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