Sensata Technologies Holding Plc (ST)

Sensata Technologies Holding (ST) dropped by 6.51% from $34.10 to $31.88 in the trading on Tuesday October 31, 2023. The reason why ST stock down today include:

• Q3 financial results and guidance: Sensata fell short of analysts' expectations in Q3 FY2023, with revenue down 1.67% Y/Y to $1 billion. Next quarter's revenue guidance of $975 million was not impressive, coming in 3.7% below analysts' estimates.
• Leadership transition: Brian K. Roberts has been named as Sensata’s new CFO. Brian will succeed Paul Vasington, who has decided to retire from the company after nearly 10 years as CFO.