CHICAGO, Oct 23 (Reuters) - Stoneridge Inc. , which supplies electrical and electronic components to automakers, on Thursday said its quarterly profit declined due to lower vehicle production.
The Warren, Ohio-based company had net income of $3.2 million, or 14 cents a share, compared with $4.2 million, or 19 cents, a year before.
Results were in line with Stoneridge's July estimate that it would earn between 13 cents per share and 15 cents per share in the third quarter.