Reported 20 days ago
Sensata Technologies (NYSE:ST) met Wall Street's revenue expectations for Q3 2024, reporting $982.8 million, though this reflected a 1.8% year-on-year decline. Despite a non-GAAP profit of $0.86 per share matching analyst estimates, the company's revenue guidance for Q4 of $885 million underperformed expectations by 8.1%, leading to concerns about future demand and a subsequent drop in stock price.
Source: YAHOO