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Aptiv (APTV) Misses Q2 EPS by 9c, Revenues Beat

August 5, 2021 6:46 AM EDT

Aptiv (NYSE: APTV) reported Q2 EPS of $0.60, $0.09 worse than the analyst estimate of $0.69. Revenue for the quarter came in at $3.8 billion versus the consensus estimate of $3.47 billion.

"Aptiv's first half performance, which includes record revenue growth and growth over market, in addition to record new business awards, further validates the strength of our portfolio of market relevant technologies aligned to the safe, green and connected megatrends," said Kevin Clark, president and chief executive officer. "Our relentless focus on serving customers in this challenging environment is driving incremental volume and market share gains for Aptiv. These higher demand levels are represented in our raised outlook for the year, as we continue to work diligently to mitigate headwinds while the industry strives to meet post-pandemic demand levels. Our unique brain and nervous system capabilities are providing distinct advantages to help customers transition to the electrified, software-defined vehicle of the future, resulting in more content and expansive market opportunities. Moving forward, I am confident that the benefits of our flexible and sustainable business model, our track record of innovation and execution, and our strong balance sheet will continue to create value for all of our stakeholders."

GUIDANCE:

Aptiv sees FY2021 EPS of $3.63-$3.87, versus the consensus of $3.74. Aptiv sees FY2021 revenue of $16.115-16.415 billion, versus the consensus of $15.69 billion.

For earnings history and earnings-related data on Aptiv (APTV) click here.



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