Sensata Technologies Issues Q4 Revenue and EPS Guidance Amid Softening China Auto Market
Sensata Technologies (ST) reported strong third-quarter results, with revenue, adjusted operating income, margins, and earnings per share all exceeding management's previous expectations. CEO Stephan Von Schuckmann characterized the quarter as exceptionally strong despite noting certain one-time factors. Looking ahead to the fourth quarter, the company provided guidance for revenue in the range of $942 million to $972 million and adjusted EPS between $0.95 and $0.99. However, management cautioned that the outlook for the automotive sector in China is softening, which may impact future performance.
Tickers: $ST
Topics: earnings report EPS beat operating margin revenue beat