Stoneridge Q1 Revenue Up

Stoneridge (SRI) on Wednesday reported Q1 revenue of $225.9 million, compared with $204.3 million in the year-ago quarter. Analysts polled by Capital IQ were expecting revenue of $213.94 million.

Net income for the quarter ended March 31 was $0.50 per share, compared with $0.32 per share in the year-ago period. Analysts were expecting EPS of $0.48.

The company expects full-year EPS of $2.05 to $2.20, an increase of $0.13 fro previous guidance, on revenue of $870.0 to $890.0 million, above analysts expectation of mean EPS of $1.97 on revenue of $846.65 million.

Shares were flat in the after-hours session.

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