Good morning, and thank you for joining us as we review Adient’s results for the third quarter of fiscal year 2021. This morning, I’m joined by Doug Del Grosso, Adient’s President and Chief Executive Officer; Jeff Stafeil, our Executive Vice President and Chief Financial Officer; in Jerome Dorlack, Executive Vice President, Head of Americas Seating.… Continue reading Adient plc (ADNT) Q3 2021 Earnings Call Transcript
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GM is ‘enjoying some good success’ in auto insurance: CFO
General Motors (GM) is driving quicker than perhaps some expected into the auto insurance market. The automaker is now offering auto insurance in 20 U.S. states after beginning a test late in 2020, GM CEO Mary Barra told analysts on an earnings call Wednesday. GM is using data from its OnStar system to help determine… Continue reading GM is ‘enjoying some good success’ in auto insurance: CFO
Qualcomm Bids $4.6 Billion for Veoneer in Battle With Magna
(Bloomberg) — Qualcomm Inc. offered to buy automotive technology company Veoneer Inc. for $4.6 billion, muscling in on a bid Magna International Inc. made for the supplier last month. At $37 a share, Qualcomm is offering an 18% premium to Magna’s $31.25-a-share bid. Veoneer and Magna said last month their boards had unanimously approved what… Continue reading Qualcomm Bids $4.6 Billion for Veoneer in Battle With Magna
Aptiv Reports Second Quarter 2021 Financial Results
Record Revenue Growth and Growth Over Market Raising Full Year Outlook DUBLIN, Aug. 5, 2021 /PRNewswire/ — Aptiv PLC (NYSE: APTV), a global technology company focused on making mobility safer, greener and more connected, today reported second quarter 2021 U.S. GAAP earnings of $0.54 per diluted share. Excluding special items, second quarter earnings totaled $0.60… Continue reading Aptiv Reports Second Quarter 2021 Financial Results
Adient (ADNT) Reports Q3 Loss, Tops Revenue Estimates
Adient (ADNT) came out with a quarterly loss of $0.53 per share versus the Zacks Consensus Estimate of $0.08. This compares to loss of $2.78 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -762.50%. A quarter ago, it was expected that this automotive… Continue reading Adient (ADNT) Reports Q3 Loss, Tops Revenue Estimates
Adient reports third quarter 2021 financial results
Temporary macro factors (primarily semiconductor supply chain disruptions and rising commodity prices) continue to impact the industry and Adient’s near-term results PLYMOUTH, Mich., Aug. 5, 2021 /PRNewswire/ — Adient (NYSE: ADNT), a global leader in automotive seating, today announced third quarter 2021 financial results. (PRNewsfoto/Adient) Q3 GAAP net income and EPS diluted of $(71)M and… Continue reading Adient reports third quarter 2021 financial results
Eaton Corporation plc (ETN) Q2 2021 Earnings Call Transcript
Motley Fool 3 High-Growth Healthcare Stocks to Buy in August If you’re looking for stocks that can provide life-changing returns, the healthcare sector has exactly what want. Laboratory-to-market synthetic biology, or synbio, platforms are a dime a dozen these days, but Amyris stands head and shoulders above the rest. In March, Amyris announced success at… Continue reading Eaton Corporation plc (ETN) Q2 2021 Earnings Call Transcript
BorgWarner (BWA) Beats Q2 Earnings and Revenue Estimates
BorgWarner (BWA) came out with quarterly earnings of $1.08 per share, beating the Zacks Consensus Estimate of $0.79 per share. This compares to loss of $0.14 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 36.71%. A quarter ago, it was expected that this… Continue reading BorgWarner (BWA) Beats Q2 Earnings and Revenue Estimates
UPDATE 2-BorgWarner lifts 2021 forecast; sees chip crunch slowing in second half
(Updates with CFO quote, analyst comment and share move) By Sanjana Shivdas Aug 4 (Reuters) – BorgWarner Inc raised its full-year earnings and revenue forecast on Wednesday, and said the impact from the global semiconductor crunch would be lower in the second half of the year. However, the auto parts maker does not expect third… Continue reading UPDATE 2-BorgWarner lifts 2021 forecast; sees chip crunch slowing in second half
Eaton (ETN) Tops Q2 Earnings and Revenue Estimates
Eaton (ETN) came out with quarterly earnings of $1.72 per share, beating the Zacks Consensus Estimate of $1.55 per share. This compares to earnings of $0.70 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 10.97%. A quarter ago, it was expected that this… Continue reading Eaton (ETN) Tops Q2 Earnings and Revenue Estimates