For Immediate Release Chicago, IL – August 1, 2023 – Today, Zacks Equity Research discusses Magna International MGA, Lear Corp. LEA, Autoliv, Inc. ALV and Gentex Corp. GNTX. Industry: Auto Equipment Link: https://www.zacks.com/commentary/2129858/4-picks-from-the-robust-auto-equipment-industry-to-fuel-your-gains The Zacks Automotive – Original Equipment industry is poised for growth due to pent-up vehicle demand and improved inventory levels. Adapting to… Continue reading Zacks Industry Outlook Highlights Magna International, Lear, Autoliv and Gentex
Author: Yarhow_Finance Online News
Lear Reports Improved Second Quarter 2023 Results
SOUTHFIELD, Mich., Aug. 1, 2023 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today reported results for the second quarter 2023. Lear Corporation Logo. (PRNewsFoto/Lear Corporation) (PRNewsfoto/Lear Corporation) Second Quarter 2023 Highlights Sales increased 18% to a record $6.0 billion, compared to $5.1 billion in the second quarter… Continue reading Lear Reports Improved Second Quarter 2023 Results
Eaton Reports Record Quarterly Results With 23% Backlog Growth and 1.2 Book-to-Bill Ratio
13% organic sales growth, above the high end of guidance, record quarterly segment margins of 21.6%, 150 basis points above the second quarter of 2022 and a 33% incremental margin Robust operating cash flow of $851 million, up 150%, and free cash flow of $691 million, up 244% versus prior year DUBLIN, August 01, 2023–(BUSINESS… Continue reading Eaton Reports Record Quarterly Results With 23% Backlog Growth and 1.2 Book-to-Bill Ratio
Lear (LEA) Tops Q2 Earnings and Revenue Estimates
Lear (LEA) came out with quarterly earnings of $3.33 per share, beating the Zacks Consensus Estimate of $3.21 per share. This compares to earnings of $1.79 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 3.74%. A quarter ago, it was expected that this… Continue reading Lear (LEA) Tops Q2 Earnings and Revenue Estimates
Zacks Industry Outlook Highlights Magna International, Lear, Autoliv and Gentex
For Immediate Release Chicago, IL – August 1, 2023 – Today, Zacks Equity Research discusses Magna International MGA, Lear Corp. LEA, Autoliv, Inc. ALV and Gentex Corp. GNTX. Industry: Auto Equipment Link: https://www.zacks.com/commentary/2129858/4-picks-from-the-robust-auto-equipment-industry-to-fuel-your-gains The Zacks Automotive – Original Equipment industry is poised for growth due to pent-up vehicle demand and improved inventory levels. Adapting to… Continue reading Zacks Industry Outlook Highlights Magna International, Lear, Autoliv and Gentex
Here’s What to Expect From Crawford’s (CRD-A) Q2 Earnings
Crawford & Company(CRD.A) is scheduled to report its second-quarter 2023 results on Aug 3, after market close. The company has an earnings surprise history of 18.36% on average, in the trailing four quarters. Expectations This Time Around The Zacks Consensus Estimate for Crawford’s revenues in the to-be-reported quarter is pegged at $313.3 million, indicating a… Continue reading Here’s What to Expect From Crawford’s (CRD-A) Q2 Earnings
Aptiv (APTV) to Report Q2 Earnings: What’s in the Offing?
Aptiv PLC APTV is set to report its second-quarter 2023 results on Aug 3, before the bell. The company’s earnings surprise history hasn’t been impressive. It has a trailing four-quarter average negative earnings surprise of 8.1%. Aptiv PLC Price and EPS Surprise Aptiv PLC price-eps-surprise | Aptiv PLC Quote Q2 Expectations The Zacks Consensus Estimate for revenues… Continue reading Aptiv (APTV) to Report Q2 Earnings: What’s in the Offing?
Adient will participate in the J.P. Morgan Auto Conference
PLYMOUTH, Mich., Aug. 1, 2023 /PRNewswire/ — Adient (NYSE: ADNT), a global leader in automotive seating, will participate in the J.P. Morgan Auto Conference on Wednesday, August 9, 2023. Adient’s CEO, Doug Del Grosso and executive vice president and CFO, Jerome Dorlack, will take part in a fireside chat at 8:05am eastern time. A live webcast… Continue reading Adient will participate in the J.P. Morgan Auto Conference
NIO Inc. Announces that Deliveries in July 2023 Reached 20,462 Vehicles
Company Achieved New Record-High Monthly Deliveries Deliveries of ES6 exceeded 10,000 in July 2023 NIO delivered 20,462 vehicles in July 2023, increasing by 103.6% year-over-year NIO delivered 75,023 vehicles year-to-date in 2023 Cumulative deliveries of NIO vehicles reached 364,579 as of July 31, 2023 SHANGHAI, China, Aug. 01, 2023 (GLOBE NEWSWIRE) — NIO Inc. (NYSE:… Continue reading NIO Inc. Announces that Deliveries in July 2023 Reached 20,462 Vehicles
Nio Hits the Accelerator: Can The Stock Make a Long Distance Trip?
The trading volume has turned stronger since early May and suggests we are seeing increased investor interest in the stock. The On-Balance-Volume (OBV) line has been very bullish since early June and tells us that buyers of NIO are being more aggressive than sellers. In this daily Point and Figure chart of NIO, below, I… Continue reading Nio Hits the Accelerator: Can The Stock Make a Long Distance Trip?