Yahoo Finance Aptiv First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Aptiv (NYSE:APTV) First Quarter 2024 Results
Key Financial Results
Revenue: US$4.90b (up 1.7% from 1Q 2023).
Net income: US$218.0m (up 49% from 1Q 2023).
Profit margin: 4.4% (up from 3.0% in 1Q 2023).
EPS: US$0.79 (up from US$0.54 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Aptiv EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 11%.
Looking ahead, revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in the US.
Performance of the American Auto Components industry.
The company's shares are up 11% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 3 warning signs for Aptiv (1 is concerning!) that you should be aware of.
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