Gentherm Q3 Profit Beats Estimates - Quick Facts

(RTTNews) - Gentherm Inc. (THRM) Thursday posted third-quarter net income attributable to common shareholders climbed to $17.3 million, or $0.48 per share from $8.5 million or $0.24 per share last year.

On average, 7 analysts polled by Thomson Reuters expected the company to report earnings of $0.42 per share. Analysts' estimates typically exclude special items.

Total revenues rose by 20 percent to $206.01 million from $171.18 million in the prior year period, while seven analysts estimated revenue of $204.95 million.   The year-over-year revenue increase was driven by continued strong shipments of the Company's CCS systems and in revenue from GPT.

Looking ahead, the group continues to expect revenue for 2014 to increase by at least 20 percent over 2013 revenue, which was $662.0 million.