NOVI, Mich. (AP) __ NOVI, Mich. (AP) __ Stoneridge Inc. (SRI) on Wednesday reported a loss of $3 million in its second quarter.
On a per-share basis, the Novi, Michigan-based company said it had a loss of 11 cents. Losses, adjusted for non-recurring costs, came to 5 cents per share.
The maker of electronic components for the automotive and other markets posted revenue of $266.8 million in the period. Its adjusted revenue was $262.4 million.
Stoneridge expects a full-year loss of 10 cents per share, with revenue in the range of $960 million to $990 million.
