NOVI, Mich. (AP) — NOVI, Mich. (AP) — Stoneridge Inc. (SRI) on Wednesday reported a loss of $6.1 million in its first quarter.
On a per-share basis, the Novi, Michigan-based company said it had a loss of 22 cents. Losses, adjusted for non-recurring costs, were 9 cents per share.
The maker of electronic components for the automotive and other markets posted revenue of $239.2 million in the period.
Stoneridge expects full-year earnings to be 30 cents to 40 cents per share.
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