Stoneridge: Rises on Q4 profit, revenue beat

Stoneridge

25/02/2021 15:32

** Shares of engineered electrical and electronic components
manufacturer  SRI.N  up 5.4% at $32.21 
    ** Co, on Wednesday after-market, posted Q4 adj. profit of
14 cents/shr, above estimate of 2 cents/shr, according to
Refinitiv IBES  urn:newsml:reuters.com:*:nPn1JGw1Za
    ** Reports Q4 revenue of $189.7 mln, above estimate of
$171.7 mln
    ** SRI says Q4 electronics segment revenue rose 19.5%
sequentially due to continued strong production volumes,
primarily in the North American, European commercial vehicle
markets
    ** Co sees FY 2021 revenue in range of $770 mln to $790 mln,
above estimate of $714.5 mln
    ** Sees FY 2021 adj. profit in range of 60 cents/shr to 75
cents/shr, below estimate of 86 cents/shr
    ** SRI shares were up 1% this year, as of last close

 (Reporting by Lasya Priya M in Bengaluru)
 ((LasyaPriya.M@thomsonreuters.com;))