Stoneridge Inc. Q1 Earnings Rise 83%

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

The company said its bottom line advanced to $8.69 million, or $0.31 per share. This was up from $4.74 million, or $0.17 per share, in last year's first quarter.

Analysts had expected the company to earn $0.23 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 0.1% to $162.62 million. This was down from $162.82 million last year.

Stoneridge Inc. earnings at a glance:

-Earnings (Q1): $8.69 Mln. vs. $4.74 Mln. last year. -Earnings Growth (Y-o-Y): 83.3% -EPS (Q1): $0.31 vs. $0.17 last year. -EPS Growth (Y-o-Y): 82.4% -Analysts Estimate: $0.23 -Revenue (Q1): $162.62 Mln vs. $162.82 Mln last year. -Revenue Change (Y-o-Y): -0.1%