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Aptiv's Q2 Adjusted Earnings Rise, Revenue Falls; Raises 2024 Earnings Guidance; Shares Gain
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Aptiv's Q2 Adjusted Earnings Rise, Revenue Falls; Raises 2024 Earnings Guidance; Shares Gain
Aug 1, 2024 5:47 AM

08:03 AM EDT, 08/01/2024 (MT Newswires) -- Aptiv ( APTV ) reported Q2 adjusted earnings of $1.58 per diluted share on Thursday, up from $1.25 a year earlier.

Analysts polled by Capital IQ expected $1.42.

Revenue for the quarter ended June 30 was $5.05 billion compared with $5.20 billion a year earlier.

Analysts surveyed by Capital IQ expected $5.30 billion.

The global technology company raised its full-year 2024 adjusted EPS outlook to $6.15 to $6.45 from $5.80 to $6.30. Analysts surveyed by Capital IQ expect $6.03.

The company lowered its 2024 revenue guidance to $20.10 billion to $20.40 billion from $20.85 billion to $21.45 billion. Capital IQ analysts expect $21.01 billion.

Aptiv ( APTV ) shares were 9.5% higher in recent premarket trading.

Price: 76.00, Change: +6.61, Percent Change: +9.53

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