🔴 Gentherm is trading 7.52% down in pre-market on October 22 after adjusted earnings missed estimates

Gentherm is trading 7.52% down at $26.30 after its October 22 third-quarter report showed adjusted earnings missed expectations despite revenue beating estimates.

• Higher costs weighed on adjusted earnings.
• Gentherm raised full-year guidance following its October 1 acquisition of Modine Performance Technologies and began a $400 million share repurchase program.