Sensata Technologies Reports First Quarter 2020 Financial Results
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Sensata Technologies (ST) Misses Q1 EPS by 3c, Revenues Beat
April 29, 2020 6:14 AM EDTSensata Technologies (NYSE: ST) reported Q1 EPS of $0.53, $0.03 worse than the analyst estimate of $0.56. Revenue for the quarter came in at $774.3 million versus the consensus estimate of $770 million.
Revenue:
Revenue was $774.3 million, a decrease of $96.2 million, or 11.1%, compared to $870.5 million in the three months ended March 31, 2019.Revenue declined 10.4% on an organic basis, which excludes the (0.7%) effect from foreign currency exchange rates versus the prior year period.Operating income:
Operating income was $58.6 million (7.6% of revenue), a decrease of $84.0 million, or 58.9%, compared to $142.6 million (16.4% of revenue) in the three months ended March... More