USA: Stoneridge Expects Full-Year 2000 Sales and Earnings Will Increase Less Than Previously Anticipated
Stoneridge, Inc. today announced it anticipates that sales revenues and earnings for 2000 will be less than consensus estimates primarily as a result of softening market conditions for commercial vehicles and passenger cars, and the weak Euro. The Company's strategic decision to withdraw from a low-margin production contract is also a factor in the lowered revenue expectations.
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