SENSATA'S Q4 GUIDANCE UNDERCUTS Q3 HEADLINE

Sensata Technologies ($ST) reported third-quarter revenue of $1,003.6 million, up 7.7% from a year earlier, but the figure included a one-time $24 million payment from a customer that canceled an electric-vehicle program. For the fourth quarter, the company guided revenue down to a range of $942 million to $972 million, with adjusted earnings per share of $0.95 to $0.99. Strip out the EV cancellation payment and the sequential trend looks weaker than the year-over-year growth number suggests.