Aptiv Stock Soars On Solid Q2 Performance, Raised Full-Year Outlook
Portfolio Pulse from Nabaparna Bhattacharya
Aptiv PLC reported a strong Q2 performance, beating Street estimates with net sales of $5.20 billion, up 28.2% Y/Y, and adjusted EPS of $1.25. The company also raised its full-year outlook, expecting net sales of $19.95 billion-$20.25 billion and adjusted EPS of $4.60-$4.90. The positive results were driven by growth in Asia, Europe, North and South America, and strong new business awards.
August 04, 2023 | 1:24 pm
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Aptiv PLC reported strong Q2 results, beating estimates and raising its full-year outlook. This positive news is likely to have a positive impact on the company's stock price in the short term.
Aptiv PLC reported strong Q2 results, beating Street estimates. The company also raised its full-year outlook, which is a positive signal to investors and could lead to increased demand for the stock, driving up its price in the short term.
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