Gentherm: 3Q Earnings Snapshot
NORTHVILLE, Mich. (AP) _ Gentherm Inc. (THRM) on Thursday reported a third-quarter loss of $355,000, after reporting a profit in the same period a year earlier.
The Northville, Michigan-based company said it had a loss of 1 cent per share. Earnings, adjusted for asset impairment costs and restructuring costs, came to 54 cents per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share.
The maker of climate-controlled seats and other products posted revenue of $258.9 million in the period, which also missed Street forecasts. Four analysts surveyed by Zacks expected $261.6 million.
Gentherm expects full-year revenue of $1.