Gentherm: Q2 Earnings Snapshot
NORTHVILLE, Mich. (AP) — NORTHVILLE, Mich. (AP) — Gentherm Inc. (THRM) on Wednesday reported second-quarter earnings of $18.9 million.
On a per-share basis, the Northville, Michigan-based company said it had net income of 60 cents. Earnings, adjusted for one-time gains and costs, were 66 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.
The maker of climate-controlled seats and other products posted revenue of $375.7 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $376.8 million.
Gentherm expects full-year revenue in the range of $1.5 billion to $1.6 billion.
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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