Sensata Technologies Holding N.V. (ST) posted first-quarter net income of $38.9 million or $0.21 per share compared to net loss of $9.5 million or $0.05 per share last year.
Adjusted net income for the quarter fell to $89 million or $0.49 per share from $91.1 million or $0.50 per share in the year-ago quarter.
Quarterly revenue improved to $492 million from $444.2 million in the same quarter a year earlier.
Analysts polled by Thomson Reuters expected the company to earn $0.48 per share on revenues of $481.36 million for the quarter. Analysts' estimates typically exclude special items.
Going ahead, the company anticipates net revenue of $495 million to $515 million for the second quarter of 2012, which, at the midpoint, represents growth of 11% compared to the second quarter 2011 net revenue of $455 million. The company also expects to achieve earnings per share of $0.21 to $0.25 in the second quarter of 2012. Adjusted net income is expected to be in the range of $94 million to $102 million, or $0.52 to $0.56 per share, for the second quarter 2012. Analysts expect the company to earn $0.54 per share on revenues of $504.07 million for the quarter.
Also, for 2012, Sensata Technologies still anticipates net revenue of $1.95 to $2.05 billion which, at the midpoint, represents growth of 9.5% compared to the full year 2011 net revenue of $1.83 billion. The company still expects adjusted net income of $366 to $403 million, or $2.00 to $2.20 per share for the year. Analysts expect the company to earn $2.12 per share on revenues of $2.01 billion for the year.
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