SUP - Superior Industries rallies after strong earnings report GM lift

Superior Industries ([[SUP]] +17.5%) soars after the company tops earnings expectations.Superior management also issued a positive outlook, saying the company has established a strong foundation with a robust portfolio of differentiated technologies that are advancing value-added Sales and growth over market."Further, we generated strong earnings improvement and margin expansion in the face of a volatile production environment and supply chain challenges, including semiconductor shortages, that impacted the automotive industry. This is a testament to the enhanced cost and cash discipline we fostered throughout the business."Despite all the challenges in the auto industry, gross profit for Q1 came in at $43.0M vs. $23.1M a year ago.Superior Industries also benefited from a reassuring earnings report from GM today as tipped off by Seeking Alpha's Catalyst Watch.

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Superior Industries rallies after strong earnings report, GM lift