NOVI, Mich. (AP) _ Stoneridge Inc. (SRI) on Wednesday reported first-quarter net income of $130,000.
On a per-share basis, the Novi, Michigan-based company said it had profit of less than 1 cent. Earnings, adjusted for one-time gains and costs, were 6 cents per share.
The maker of electronic components for the automotive and other markets posted revenue of $193.8 million in the period.
Stoneridge expects full-year earnings in the range of 47 cents to 62 cents per share.
Stoneridge shares have risen 10% since the beginning of the year.
