Aptiv Profit Rises 11% on Global Sales Growth
Aptiv PLC (NYSE: APTV), a maker of components for advanced driver-assist systems, said on Oct. 30 that it earned net income of $246 million in the third quarter. This was up 10.8% from a year ago, on strong global sales growth -- and despite the impact of the United Auto Workers' national strike against key customer General Motors (NYSE: GM).
Excluding one-time items, Aptiv earned $1.27 per share on revenue of $3.6 billion. Both figures were in line with Wall Street's consensus estimates as reported by Thomson Reuters.
However, Aptiv revised its full-year guidance downwards because of the effects of the strike against GM.
Source Fool.com
