Superior Industries’ Profit Drops 49%
- Share via
Superior Industries International Inc., a Van Nuys-based wheel maker, said that third-quarter net profit fell 49% to $5.5 million, or 20 cents a share, from $10.7 million, or 40 cents, a year earlier. Revenue for the period rose 6.4% to $199.3 million.
Although the company warned last month of the drop, its stock price fell $1.07 to a 52-week low of $26.94 on the New York Stock Exchange.
-- John O’Dell
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
