Aptiv shares are trading higher after the company reported better-than-expected Q2 adjusted EPS results and raised its FY24 adjusted EPS above estimates. Additionally, the company announced the authorization of a $5 billion share repurchase program.
Portfolio Pulse from Benzinga Newsdesk
Aptiv shares are trading higher after the company reported better-than-expected Q2 adjusted EPS results and raised its FY24 adjusted EPS above estimates. Additionally, the company announced the authorization of a $5 billion share repurchase program.
August 01, 2024 | 12:37 pm
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Aptiv shares are trading higher due to better-than-expected Q2 adjusted EPS results and an increase in FY24 adjusted EPS estimates. The company also announced a $5 billion share repurchase program.
The better-than-expected Q2 adjusted EPS results and the raised FY24 adjusted EPS estimates are positive indicators of the company's financial health and future performance. Additionally, the $5 billion share repurchase program signals confidence from the management and is likely to boost investor sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100