Sensata Technologies Holding NV Earnings: Here’s Why the Stock is Falling Now

Sensata Technologies Holding NV (NYSE:ST) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.59%.

Sensata Technologies Holding NV Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 0% to $0.54 in the quarter versus EPS of $0.54 in the year-earlier quarter.

Revenue: Rose 0.35% to $506.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Sensata Technologies Holding NV reported adjusted EPS income of $0.54 per share. By that measure, the company beat the mean analyst estimate of $0.53. It beat the average revenue estimate of $496.56 million.

Quoting Management: “We are pleased with our results as we delivered record Net revenue for the second quarter and Adjusted net income1 per diluted share at the high end of our guidance,” said Martha Sullivan, President and Chief Executive Officer. “While markets continue to be dynamic, we expect to see improvement in the second half as compared to last year.”

Key Stats (on next page)…

Revenue increased 7.65% from $470.41 million in the previous quarter. EPS increased 12.5% from $0.48 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.54 and has not changed. For the current year, the average estimate is a profit of $2.13, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)