Reported Earlier, Aptiv Lowers FY24 Revenue Outlook: Sees Sales Of $19.6B - $19.9B (From $20.10B-$20.40B) Vs. $20.207B Estimate; Adjusted EPS Of $6.00 - $6.30 (From $6.15-$6.45) Vs. $6.22 Estimate
Portfolio Pulse from Benzinga Newsdesk
Aptiv has revised its FY24 revenue outlook, lowering its sales forecast to $19.6B-$19.9B from $20.10B-$20.40B, and adjusted EPS to $6.00-$6.30 from $6.15-$6.45. This is below the $20.207B and $6.22 estimates, respectively.
November 01, 2024 | 11:01 am
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Aptiv has reduced its FY24 revenue and EPS guidance, indicating potential challenges ahead. The new revenue range is $19.6B-$19.9B, down from $20.10B-$20.40B, and adjusted EPS is now $6.00-$6.30, down from $6.15-$6.45. Both are below analyst estimates.
Aptiv's lowered guidance for both revenue and EPS suggests potential operational or market challenges, which could negatively impact investor sentiment and the stock price in the short term. The revised figures are below analyst expectations, further contributing to a likely negative market reaction.
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