Aptiv APTV reported its Q1 earnings results on Thursday, May 4, 2023 at 06:45 AM.
Here's what investors need to know about the announcement.
Earnings
Aptiv beat estimated earnings by 2.25%, reporting an EPS of $0.91 versus an estimate of $0.89.
Revenue was up $640.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.05 which was followed by a 2.49% drop in the share price the next day.
Here's a look at Aptiv's past performance:
Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
---|---|---|---|---|
EPS Estimate | 1.22 | 0.99 | 0.58 | 0.61 |
EPS Actual | 1.27 | 1.28 | 0.22 | 0.63 |
Revenue Estimate | 4.45B | 4.33B | 4.09B | 4.04B |
Revenue Actual | 4.64B | 4.61B | 4.06B | 4.18B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Aptiv management provided guidance for FY 2023, expecting earnings between $4.0 and $4.5 per share.
To track all earnings releases for Aptiv visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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