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Sensata Technologies Holding NV Issues Q2 2013 Guidance In Line With Analysts' Estimates; Reaffirms FY 2013 Guidance

Tuesday, 23 Apr 2013 06:00am EDT 

Sensata Technologies Holding NV announced that for second quarter of 2013, it expects net revenue of $485 million to $505 million for the second quarter 2013, which, at the midpoint, is 5.2% higher than the first quarter 2013 net revenue of $470.4 million. The Company also expects adjusted net income of $0.50 to $0.54 per diluted share for the second quarter 2013. The Company's net revenue and adjusted net income per share guidance for fiscal 2013 remain unchanged. The Company anticipates net revenue of $1.93 to $2.03 billion which, at the midpoint, represents growth of 3.5% compared to the full year 2012 net revenue of $1.91 billion. The Company further expects adjusted net income of $2.00 to $2.20 per diluted share, for fiscal 2013. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $496 million and EPS of $0.53 for second quarter of 2013; revenue of $1.96 billion and EPS of $2.13 for fiscal 2013. 

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