Gentherm Inc (THRM)

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Why is Gentherm Inc (THRM) Stock down?

We've noticed a 5.49% decline in Gentherm Inc (THRM) stock during the 2024-04-10 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!

26 Oct, 2023:

Shares of Gentherm Inc (THRM) dropped by 15.58% from $52.68 to $44.47 in the trading on Thursday, October 6, 2023. The reason why THRM stock down is due to the company's week third-quarter 2023 earnings report.

Earnings: Gentherm reported quarterly earnings of $0.64 per share, falling short of the Zacks Consensus Estimate of $0.68 per share. This also marked a decrease from earnings of $0.70 per share in the same period the previous year. The earnings surprise was -5.88%.
Revenue: In terms of revenue, Gentherm posted $366.2 million for the quarter ending in September 2023, missing the Zacks Consensus Estimate by 4.49%. However, this figure was an improvement from year-ago revenues of $332.96 million.