Aptiv Lowers FY24 Revenue Outlook: Sees Sales Of $20.10B-$20.40B Vs. $21.03B Estimate (Prior View: $20.85B-$21.45B); Company Projects Adjusted EPS Of $6.15-$6.45 Vs. $6.03 Estimate (Prior View: $5.80-$6.30)
Portfolio Pulse from Benzinga Newsdesk
Aptiv has lowered its FY24 revenue outlook to $20.10B-$20.40B, down from the previous range of $20.85B-$21.45B, and below the $21.03B estimate. The company also projects adjusted EPS of $6.15-$6.45, up from the prior view of $5.80-$6.30, and above the $6.03 estimate.
August 01, 2024 | 10:54 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Aptiv has revised its FY24 revenue outlook downward to $20.10B-$20.40B, below the $21.03B estimate, but has raised its adjusted EPS projection to $6.15-$6.45, above the $6.03 estimate.
The downward revision in revenue outlook may concern investors, potentially leading to a negative sentiment. However, the raised EPS projection could offset some of this negativity, resulting in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100