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Stoneridge Inc. (SRI) Is Up Sharply After Q3 Report

Stoneridge Inc. (SRI) reported third quarter adjusted EPS of $0.47 on Friday. The company also reaffirmed the low-end of its previously provided Adjusted EPS forecast, with full-year midpoint guidance of $2.05.

Stoneridge also announced a $50 million share repurchase program.

Stoneridge gapped up at the open Friday and has spiked higher in early trade. Shares are now up 3.81 at $26.37 on above average volume. The stock has jumped to nearly a 3-week high.

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