08:52 AM EDT, 05/02/2024 (MT Newswires) -- Aptiv ( APTV ) reported Q1 adjusted earnings Thursday of $1.16 per diluted share, up from $0.91 a year earlier.

Analysts polled by Capital IQ expected $1.

Net sales for the quarter ended March 31 were $4.90 billion, up from $4.82 billion a year earlier.

Analysts polled by Capital IQ expected $4.99 billion.

The vehicle components manufacturer said it now expects 2024 adjusted EPS of $5.80 to $6.30, up from its prior guidance of between $5.55 and $6.05. Analysts polled by Capital IQ expect $5.67.

Net sales for the year are now expected between $20.85 billion and $21.45 billion, down from its previous outlook of $21.30 billion to $21.90 billion. Analysts surveyed by Capital IQ expect $21.51 billion.

Shares of the company were up 4.7% in recent premarket activity.

Price: 73.00, Change: +3.25, Percent Change: +4.66