12:35 PM EDT, 10/31/2024 (MT Newswires) -- (Updates with the latest price movement in the headline and first paragraph.)

Aptiv ( APTV ) shares were down by more than 18% in recent Thursday trading after reporting a decline in Q3 revenue and lowering its the full-year outlook.

The company reported Q3 adjusted earnings of $1.83 per diluted share, up from $1.30 a year earlier.

Analysts polled by Capital IQ expected $1.66.

Revenue for the quarter ended Sept. 30 was $4.85 billion, down from $5.11 billion a year earlier.

Analysts surveyed by Capital IQ expected $5.11 billion.

Aptiv ( APTV ) now expects full-year 2024 adjusted EPS of $6.00 to $6.30, down from $6.15 to $6.45 previously. Analysts surveyed by Capital IQ expect $6.20.

The company lowered its 2024 revenue guidance to $19.60 billion to $19.90 billion from $20.10 billion to $20.40 billion. Capital IQ analysts expect $20.15 billion.

Price: 56.80, Change: -12.27, Percent Change: -17.76