Why Aptiv Shares Are Moving Higher Thursday
Portfolio Pulse from Dylan Berman
Aptiv PLC (NYSE:APTV) shares are trading higher after the company reported better-than-expected Q2 adjusted EPS results. Despite missing sales estimates and lowering its 2024 revenue guidance, the company announced a $5 billion share repurchase program.
August 01, 2024 | 6:47 pm
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Aptiv PLC reported Q2 adjusted EPS of $1.58, beating estimates of $1.42, but missed sales estimates with $5.05 billion. The company lowered its 2024 revenue guidance but announced a $5 billion share repurchase program, boosting investor confidence.
The better-than-expected EPS results and the significant share repurchase program have positively impacted investor sentiment, leading to a 5.1% increase in the stock price. The lowered revenue guidance is a concern but is outweighed by the positive earnings and buyback news.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100