BorgWarner Inc. BWA reported adjusted earnings of 98 cents per share for third-quarter 2023, up from 80 cents recorded in the prior-year quarter. The bottom line also outpaced the Zacks Consensus Estimate of 91 cents per share. The automotive equipment supplier reported net sales of $3,622 million, missing the Zacks Consensus Estimate of $3,720 million.… Continue reading BorgWarner (BWA) Q3 Earnings Beat Estimates, Guidance Trimmed
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BorgWarner Inc (BWA) Reports 12% Increase in Q3 2023 Net Sales
BorgWarner Inc (NYSE:BWA) reports Q3 2023 net sales of $3,622 million, a 12% increase compared to Q3 2022. Net earnings for Q3 2023 were $87 million, or $0.37 per diluted share. eProduct sales for 2023 are expected to be between $2.0 billion and $2.1 billion. Full-year net sales for 2023 are expected to be in… Continue reading BorgWarner Inc (BWA) Reports 12% Increase in Q3 2023 Net Sales
Here’s What Key Metrics Tell Us About BorgWarner (BWA) Q3 Earnings
BorgWarner (BWA) reported $3.62 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 10.8%. EPS of $0.98 for the same period compares to $1.24 a year ago. The reported revenue represents a surprise of -2.63% over the Zacks Consensus Estimate of $3.72 billion. With the consensus EPS estimate being $0.91,… Continue reading Here’s What Key Metrics Tell Us About BorgWarner (BWA) Q3 Earnings
Aptiv PLC (APTV) Reports 11% Increase in Q3 Revenue and Record Adjusted Operating Earnings
Q3 revenue increased by 11% to $5.1 billion U.S. GAAP net income of $1,629 million, diluted earnings per share of $5.76 Generated $746 million of cash from operations Year-to-date revenue increased by 18% to $15.1 billion Aptiv PLC (NYSE:APTV), a global technology company focused on making mobility safer, greener, and more connected, reported its third… Continue reading Aptiv PLC (APTV) Reports 11% Increase in Q3 Revenue and Record Adjusted Operating Earnings
Compared to Estimates, Aptiv PLC (APTV) Q3 Earnings: A Look at Key Metrics
For the quarter ended September 2023, Aptiv PLC (APTV) reported revenue of $5.11 billion, up 10.8% over the same period last year. EPS came in at $1.30, compared to $1.28 in the year-ago quarter. The reported revenue represents a surprise of +2.47% over the Zacks Consensus Estimate of $4.99 billion. With the consensus EPS estimate… Continue reading Compared to Estimates, Aptiv PLC (APTV) Q3 Earnings: A Look at Key Metrics
UPDATE 2-Aptiv tops Q3 expectations, warns of $180 mln UAW strike impact
(Adds comparison with analyst estimates, background and details throughout) Nov 2 (Reuters) – Aptiv beat third-quarter estimates on Thursday, on sustained demand for auto parts and supplies, but it warned of a $180 million sales hit in 2023 from the United Auto Workers (UAW) union strike against the Detroit Three automakers. The auto parts supplier… Continue reading UPDATE 2-Aptiv tops Q3 expectations, warns of $180 mln UAW strike impact
BYD Outperformed Tesla While Li Auto And XPeng Revealed Delivery Records
On October 30th, Tesla Inc (NASDAQ: TSLA) rival, BYD Company Limited (OTC: BYDDY), reported its highest ever quarterly profit for its third quarter. BYD shares are up 1.7% this month, outperforming Tesla whose stock took a 17% dive and declines in other peers as well. By reporting a growth slowdown, a warning was sent to all EV… Continue reading BYD Outperformed Tesla While Li Auto And XPeng Revealed Delivery Records
3 Companies Elon Musk Should Have Bought Instead of Twitter
Elon Musk is perhaps one of the most influential businessmen of our generation. From Tesla (NASDAQ:TSLA) to SpaceX and many other disruptive businesses, Elon Musk has transformed certain industries and made his mark on how the future economy will be shaped. However, his most recent $44 billion purchase of Twitter in October 2022 has been… Continue reading 3 Companies Elon Musk Should Have Bought Instead of Twitter
Linamar Completes Acquisition of Mobex Assets
GUELPH, ON, Nov. 1, 2023 /CNW/ – Linamar Corporation (TSX: LNR) today announced that its previously announced acquisition of Mobex has been completed. The deal was initially announced on September 21st for Linamar Structures USA Inc.to acquire a substantial porition of Mobex Fourth and 1, LLC’s US-based assets for $64M USD. Linamar Corporation (CNW Group/Linamar… Continue reading Linamar Completes Acquisition of Mobex Assets
Eaton Corporation plc (NYSE:ETN) Q3 2023 Earnings Call Transcript
Eaton Corporation plc (NYSE:ETN) Q3 2023 Earnings Call Transcript October 31, 2023 Eaton Corporation plc misses on earnings expectations. Reported EPS is $2.22 EPS, expectations were $2.34. Operator: [Abrupt Start] Conference Call. [Operator Instructions] And as a reminder, today’s conference is being recorded. I would now like to turn the conference over to your host,… Continue reading Eaton Corporation plc (NYSE:ETN) Q3 2023 Earnings Call Transcript