Sensata Technologies Holding N.V (ST) said before open Tuesday that it earned $0.91 per share in quarter three 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.
On the revenue line, the company reported $1 billion, beating estimates by $1 million.
In the same quarter a year ago, the company earned $0.85 per share on revenue of $1 billion.
The stock is down 6.13% to $32.01 after the report.
The firm’s lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.
Wall Street Analysts had an average rating of Buy on the stock prior to the report.
InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.
Sensata Technologies Holding N.V has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 10, putting Sensata Technologies Holding N.V in the bottom 25% of stocks. The firm was recently trading at a 52-week low of $33.78 on October 30, 2023 and set a 52-week high on February 2, 2023 at $54.34.
Sensata Technologies is a global supplier of sensors for transportation and industrial applications. Sensata sells a bevy of pressure, temperature, force, and position sensors into the automotive, heavy vehicle, industrial, heating, ventilation, and cooling, and aerospace markets. The majority of the firm’s revenue comes from the automotive market, where it focuses on bumper-in applications.
