Sensata (ST) Q2 Earnings Meet Estimates, Revenues Fall Y/Y

Quarterly revenues aggregated $1,035.5 million, down 2.5$268.1 million, down 19% from the previous year. The considerable year-over-year decrease was due to continued destocking, a sluggish housing construction market impacting the industrial sector, unfavorable foreign exchange rates and the absence of a one-time $26 million revenue boost from Dynapower business that benefited the ...