Stock drops 9.3% as company reports disappointing results

  • Sensata Technologies shares down 9.3% after swing to 4Q loss
  • Company issues lower-than-expected guidance for first quarter
  • Stock is down more than 38% in the past 52 weeks
  • Fourth quarter net loss of $202.2 million, compared to $113.2 million a year ago
  • Revenue fell 2.2% to $992.5 million
  • Adjusted earnings per share came to $0.81, below analysts’ expectations
  • First quarter adjusted earnings per share expected to be $0.82 to $0.88

Shares of Sensata Technologies fell 9.3% after the company reported a fourth-quarter loss and issued lower-than-expected guidance for the first quarter. The stock is down more than 38% in the past 52 weeks. Sensata Technologies reported a net loss of $202.2 million in the fourth quarter, compared to $113.2 million in the same period last year. Revenue fell 2.2% to $992.5 million. Adjusted earnings per share came to $0.81, below analysts’ expectations. For the first quarter, the company expects adjusted earnings per share of $0.82 to $0.88.

Public Companies: Sensata Technologies (Unknown)
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Factuality Level: 8
Justification: The article provides specific financial information about Sensata Technologies, including their fourth-quarter loss, lower-than-expected guidance for the first quarter, and the stock’s performance. The information is supported by data and includes analyst forecasts. However, the article does not provide any additional context or analysis, which could have provided a more comprehensive understanding of the situation.

Noise Level: 3
Justification: The article provides relevant information about Sensata Technologies’ financial performance, including its fourth-quarter loss and lower-than-expected guidance for the first quarter. It includes specific figures and compares them to analysts’ estimates. However, it lacks analysis or insights into the long-term trends or consequences of these results.

Financial Relevance: Yes
Financial Markets Impacted: Shares of Sensata Technologies

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to financial topics as it discusses the financial performance and guidance of Sensata Technologies. However, there is no mention of an extreme event.

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