Sensata Technologies Q1 2024 Adj EPS $0.89 Beats $0.85 Estimate, Sales $1.007B Beat $986.521M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sensata Technologies (NYSE:ST) reported Q1 2024 earnings of $0.89 per share, surpassing the $0.85 estimate, and sales of $1.007B, exceeding the $986.521M estimate. This represents a slight decrease in earnings and an increase in sales compared to the same period last year.
April 29, 2024 | 8:07 pm
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Sensata Technologies reported higher than expected Q1 2024 earnings and sales, with a slight year-over-year decrease in earnings but an increase in sales.
Beating both earnings and sales estimates typically has a positive impact on a company's stock price in the short term. The slight decrease in earnings compared to last year might temper the positive impact slightly, but the overall beat on expectations and year-over-year sales growth are likely to be viewed positively by investors.
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