Sensata Technologies Reaffirms Q3 Guidance And Provides Q4 Guidance; Expects To Record Charges (Including Severance, Site Closures, And Other Costs) In Q3 Of 2023 Of $16M-$20M; Sees Q4 Adj EPS $0.89-$0.99 Vs $0.95 Est.
Portfolio Pulse from Benzinga Newsdesk
Sensata Technologies has reaffirmed its Q3 guidance and provided Q4 guidance. The company expects to record charges of $16M-$20M in Q3 of 2023, including severance, site closures, and other costs. It also forecasts Q4 adjusted EPS to be between $0.89 and $0.99, compared to the estimated $0.95.
September 27, 2023 | 1:08 pm
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Sensata Technologies expects to record charges of $16M-$20M in Q3 2023, which may impact its financial performance. The company's Q4 adjusted EPS is also forecasted to be slightly lower than the estimated $0.95.
The news directly pertains to Sensata Technologies' financial performance. The expected charges in Q3 2023 may negatively impact the company's earnings, which could potentially lead to a decrease in its stock price. Additionally, the forecasted Q4 adjusted EPS being slightly lower than the estimate may also negatively affect investor sentiment.
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