By Shares of Sensata Technologies dropped 9.3% on Tuesday following the company’s announcement of a fourth-quarter loss and lower-than-expected guidance for the first quarter. The stock, currently valued at $32.76, has experienced a significant decline of over 38% in the past year.
In the fourth quarter, Sensata Technologies reported a net loss of $202.2 million ($1.34 per share), compared to a profit of $113.2 million (74 cents per share) during the same period the previous year. Analysts surveyed by FactSet had predicted earnings of 57 cents per share. Additionally, the company’s revenue saw a 2.2% decline from the previous year, reaching $992.5 million.
Adjusted earnings for the quarter came out to $0.81 per share, falling short of the 86 cents per share expected by analysts polled by FactSet.
Looking ahead, Sensata Technologies expects adjusted earnings in the range of $0.82 to $0.88 per share for the first quarter, compared to a consensus estimate of $0.98 per share. The company anticipates first-quarter revenue to be between $970 million and $1.01 billion.
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