Stoneridge Q2 Adj EPS $(0.05) Misses $(0.04) Estimate, Sales $266.81M Beat $243.76M Estimate
Portfolio Pulse from vinayak@benzinga.com
Stoneridge (NYSE:SRI) reported Q2 losses of $(0.05) per share, missing the analyst consensus estimate of $(0.04) by 25 percent. However, the company's quarterly sales of $266.81 million beat the analyst consensus estimate of $243.76 million by 9.46 percent.
August 04, 2023 | 12:25 pm
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Stoneridge's Q2 earnings per share missed estimates, but sales beat expectations.
Stoneridge's Q2 earnings per share missed analyst estimates, which could negatively impact the stock. However, the company's sales beat estimates, which could offset the negative impact of the earnings miss.
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IMPORTANCE 80
RELEVANCE 100