TRW Automotive (TRW) Tops Q2 EPS by 19c

TRW Automotive (NYSE: TRW) reported Q2 EPS of $2.32, $0.19 better than the analyst estimate of $2.13. Revenue for the quarter came in at $4.6 billion versus the consensus estimate of $4.56 billion.

"TRW's second quarter results reflect the Company's focus and ability to capitalize on increasing global demand for its active and passive safety technologies," said John C. Plant, Chairman and Chief Executive Officer. "TRW is well positioned to reach its full year goals given the Company's strong operating performance achieved through the first half of 2014."

2014 Outlook TRW expects full year industry production volumes to total 17.0 million units in North America and 19.9 million units in Europe. Within the forecast for Europe, normal seasonality is expected to place modest downward pressure on vehicle production in the near-term despite continuing signs the industry in the region appears to be headed in the right direction. Outside North America and Europe, the Company continues to expect expansion in vehicle production volumes in China whereas Brazil remains challenged by negative economic conditions. Based on these production levels, the Company's first half performance and expectations for foreign currency exchange rates, full year 2014 sales are expected to range between $17.5 billion and $17.7 billion, with third quarter sales expected to be approximately $4.2 billion.

For earnings history and earnings-related data on TRW Automotive (TRW) click here.

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