Aptiv's Q3 Revenue Falls Short Of Estimates, Shares Slide
Portfolio Pulse from Vaishali Prayag
Aptiv PLC reported its Q3 earnings, with adjusted EPS beating estimates but revenue falling short. The company revised its financial outlook due to reduced customer schedules and weaker automotive production. Shares fell 16.6% following the announcement.
October 31, 2024 | 3:34 pm
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Aptiv's Q3 earnings report showed a beat on EPS but a miss on revenue, leading to a 16.6% drop in share price. The company revised its outlook due to weaker automotive production.
Aptiv's Q3 earnings report showed a significant revenue miss, which is a key metric for investors. Despite an EPS beat, the revised outlook due to weaker automotive production and customer schedule reductions negatively impacted investor sentiment, causing a 16.6% drop in share price.
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