Aptiv’s Q2 Earnings Beat Estimates, Increase Y/Y
Aptiv PLC (NYSE: APTV) reported mixed second-quarter 2024 results, with earnings beating the Zacks Consensus Estimate but revenues missing the same.
Adjusted earnings of $1.58 per share beat the Zacks Consensus Estimate by 15.3% and increased 26.4% year over year. Revenues of $5.1 billion missed the Zacks Consensus Estimate by 5.1% and decreased 2.9% year over year.
The company’s adjusted revenues declined 2% year over year. Adjusted revenues declined 3% in North America and stayed flat in Asia, including a 1% increase in China. Revenues declined 2% in Europe and 13% in South America.
APTV’s stock has lost 35% of its value in the past year against the 35% rally of the industry it belongs to.
Aptiv PLC Price, Consensus and EPS Surprise
Aptiv PLC price-consensus-eps-surprise-chart | Aptiv PLC Quote
Other Quarterly Numbers
Signal and Power Solutions’ revenues of $3.5 billion declined 5% year over year. The Advanced Safety and User Experience segment’s revenues increased 1% year over year to $1.6 billion.
Adjusted …
Full story available on Benzinga.com