In Class Article - Joseph Ida 0158595 4/21/10

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Joseph Ida 0158595 4/21/10 http://www.pbn.com/detail/49333.html Sensata swings to 1Q profit after IPO This article explains how the firm “Sensata” has had shares gain 13 percent since the company’s IPO on March 10. “IPO” stands for initial public offering and is a company’s first equity issue made available to the public. In this particular case, Sensata made a very successful IPO this year with a profit of $27.31 million, or 17 cents a share, in the three months which ended on March 31. This can be compared to with a net loss of $10.2 million, or 7 cents a share, a year earlier. The company continued to pay out fewer on research and development, reducing quarterly R&D investment 5 percent to $4.9 million compared with a year past. Sensata is expected to bring earnings from 41 cents up to 44 cents per share in the second quarter. The revenue for the second quarter is expected to be between $370 million and $390 million. Senstas’s sales rose 58 percent in the first quarter as its consumers in subdivisions
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This note was uploaded on 03/06/2011 for the course FN 361 taught by Professor Larson during the Spring '11 term at Clarkson University .

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In Class Article - Joseph Ida 0158595 4/21/10

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