Sensata Technologies Q2 Profit Matches Estimates - Quick Facts

(RTTNews) - Sensata Technologies Holding N.V. (ST) reported second-quarter net income of $63.9 million, or $0.37 per share, compared to $20.4 million, or $0.11 per share, prior year. The company recorded an income tax provision of $20.7 million for the second quarter 2014. Adjusted net income for the second quarter 2014 was $106.8 million, or $0.62 per share.

On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $0.62 for the quarter. Analysts' estimates typically exclude special items.

Net revenue rose to $575.9 million from $506.4 million, previous year. Analysts expected revenue of $566.77 million for the quarter.

The company anticipates net revenue of $535 to $555 million for the third quarter 2014. The company further anticipates adjusted EBITDA of $147 to $154 million for the third quarter 2014. The company also expects adjusted net income of $102 to $108 million, or $0.60 to $0.63 per share for the third quarter 2014. Analysts expect the company to report third-quarter profit per share of $0.62 on revenue of $545.60 million.

For the full year 2014, the company anticipates net revenue of $2.18 billion to $2.23 billion. The company expects adjusted EBITDA of $590 to $602 million for the full year 2014. The company expects adjusted net income of $412 to $422 million, or $2.39 to $2.45 per share for the full year 2014. Analysts expect the company to report full year profit per share of $2.43 on revenue of $2.21 billion.