20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Aptiv PLC (NYSE:APTV) reported third-quarter FY23 sales growth of 10.8% year-on-year to $5.11 billion, beating the analyst consensus estimate of $5.09 billion.
Revenue rose 7% adjusted for currency exchange and commodity movements. This reflects growth of 10% in Europe, 10% in North America, 2% in Asia, which was flat in China, and 12% in South America.
Operating expenses rose 12.6% Y/Y to $4.7 billion. The adjusted operating margin was 11%, with an Adjusted operating income of $560 million and an Adjusted EBITDA of $727 million.
Cash generated in operating activities amounted to $746 million in the quarter. The company held $1.8 billion in cash and equivalents as of September 30, 2023.
Adjusted EPS of $1.30 beat the analyst consensus of $1.23.
Outlook: Aptiv continues to expect FY23 adjusted EPS of $4.60 - $4.90, versus the consensus of $4.72.
APTV continues to expect FY23 net sales of $19.950 billion - $20.250 billion, versus the consensus of $20.16 billion. It expects FY23 adjusted EBITDA of $2.755 billion - $2.855 billion.
The guidance includes a $180 million revenue impact due to the UAW strike in Q3 and $1.10 per diluted share for the anticipated equity losses to be recognized by Aptiv from the performance of the Motional autonomous driving joint venture.
Price Action: APTV shares traded lower by 17.3% at $71.17 on the last check Thursday.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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