Stoneridge third-quarter earnings fall

Newswire

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.

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