-+ 0.00%
-+ 0.00%
-+ 0.00%
Gentherm: Q3 Earnings Snapshot
Share
Listen to the news

NOVI, Mich. (AP) — NOVI, Mich. (AP) — Gentherm Inc. (THRM) on Thursday reported a loss of $2.6 million in its third quarter.

The Novi, Michigan-based company said it had a loss of 8 cents per share. Earnings, adjusted for one-time gains and costs, came to 33 cents per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share.

The maker of climate-controlled seats and other products posted revenue of $405.1 million in the period, which beat Street forecasts. Six analysts surveyed by Zacks expected $404.4 million.

Gentherm expects full-year revenue in the range of $1.83 billion to $1.93 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on THRM at https://www.zacks.com/ap/THRM

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending