Stoneridge Inc. Q1 adjusted earnings of $0.50 per share

(RTTNews) - Stoneridge Inc. (SRI) revealed a profit for its first quarter that advanced from last year.

The company's profit came in at $13.38 million, or $0.46 per share. This compares with $9.17 million, or $0.32 per share, in last year's first quarter.

Excluding items, Stoneridge Inc. reported adjusted earnings of $14.4 million or $0.50 per share for the period.

The company's revenue for the quarter rose 10.6% to $225.93 million from $204.31 million last year.

Stoneridge Inc. earnings at a glance:

-Revenue (Q1): $225.93 Mln vs. $204.31 Mln last year.

-Guidance: Full year EPS guidance: $2.05 - $2.20 Full year revenue guidance: $870.0 - $890.0 Mln