NEW ALBANY, Ohio (AP) — NEW ALBANY, Ohio (AP) — Commercial Vehicle Group Inc. (CVGI) on Tuesday reported first-quarter earnings of $902,000.
The New Albany, Ohio-based company said it had net income of 3 cents per share. Losses, adjusted for one-time gains and costs, were 10 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 14 cents per share.
The supplier of products for heavy duty trucks posted revenue of $171.5 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $160 million.
Commercial Vehicle Group expects full-year revenue in the range of $660 million to $700 million.
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