Superior Industries’ Net Income Falls 39%
From Bloomberg News
Superior Industries International Inc., a maker of car and truck wheels, said third-quarter earnings fell 39% because of production declines and increased costs.
Net income fell to $10.7 million, or 40 cents a share, from $17.7 million, or 65 cents, in the year-earlier period.
Sales were little changed at $187.4 million as shipments decreased 2%, the Van Nuys firm said.
