Shares of sensor manufacturer Sensata Technology (NYSE:ST) fell 5.79% in the morning session after the company reported first-quarter revenue and earnings per share (EPS) that narrowly beat analysts' expectations, although free cash flow missed. In addition, the next-quarter outlook was below expectations, as it forecasted weaker sales.
What is the market telling us:
Sensata Technologies's shares are somewhat volatile and over the last year have had 10 moves greater than 5%. In context of that, today's move is indicating the market considers this news meaningful but not something that would fundamentally change its perception of the business.
Sensata Technologies is up 10.3% since the beginning of the year, but at $44.79 per share it is still trading 16.9% below its 52-week high of $53.87 from February 2023. Investors who bought $1,000 worth of Sensata Technologies's shares 5 years ago would now be looking at an investment worth $864.74.
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