Stoneridge shares soar on higher 2006 earnings view

Newswire

July 28 (Reuters) - Shares of Stoneridge Inc. rose nearly 17 percent after the auto electrical components maker forecast higher earnings for the year. Chief Executive Officer John Corey said the company's current outlook was based on continued strength in its global commercial vehicle business, which would offset lower North American light vehicle production. The company said it now expects 2006 earnings in the range of 50 cents to 60 cents a share, compared with its earlier forecast of ...

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