Sensata Q1 Profit Up, Meets Estimates; Revenues Rise - Quick Facts

(RTTNews) - Sensata Technologies Holding N.V. (ST) Tuesday reported first-quarter net income of $68.4 million or $0.39 per share compared with $34.7 million or $0.19 per share for the first quarter of 2013. On an adjusted basis, earnings were $98.1 million, or $0.56 per share. On average, 12 analysts polled by Thomson Reuters expected earnings per share of $0.56 for the quarter. Analysts' estimates typically exclude one-time items.

Total revenues for the quarter climbed 17.3 percent to $551.6 million from $470.4 million last year. Analysts estimated revenues of $540.74 million for the quarter. Looking ahead, the company expects adjusted net income of $103 million to $108 million, or $0.59 to $0.62 per share for the second quarter of 2014.Analysts expect earnings of $0.62 per share. The firm anticipates net revenue of $555 million to $575 million for the second quarter, while analysts estimate it to be $559.22 million.

Further, the company anticipates adjusted earnings before interest tax depreciation and amortization or EBITDA of $147 million to $153 million for the second quarter.