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Stoneridge Sees Q3 Results Below View

Stoneridge Inc. (SRI) said it expects loss per share for the third-quarter to be between $0.34 and $0.40, and adjusted loss per share of $0.23 - $0.29. Analysts polled by Thomson Reuters expected the company to report a loss of $0.08 per share for the third-quarter. Analysts' estimates typically exclude special items.

The company projects preliminary sales for the third-quarter to be about $180.0 million. Analysts expect quarterly revenues of $191.74 million.

Third quarter 2021 operating loss is expected to be between $8.2 million and $9.2 million. Adjusted operating loss is expected to be between $6.2 million and $7.2 million.

The company said it will provide an update regarding its previously provided full-year 2021 financial guidance during its third quarter earnings 2021 conference call.

The company will webcast its third quarter 2021 earnings conference call live on October 28, 2021, at 9:00 a.m. ET.

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