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Revenue: US$4.85b (down 5.1% from 3Q 2023).
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Net income: US$363.0m (down 78% from 3Q 2023).
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Profit margin: 7.5% (down from 32% in 3Q 2023). The decrease in margin was primarily driven by higher expenses.
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EPS: US$1.48 (down from US$5.76 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Revenue missed analyst estimates by 5.1%. Earnings per share (EPS) exceeded analyst estimates by 10%.
Looking ahead, revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Auto Components industry in the US.
Performance of the American Auto Components industry.
The company’s shares are down 18% from a week ago.
We don’t want to rain on the parade too much, but we did also find 2 warning signs for Aptiv (1 is a bit unpleasant!) that you need to be mindful of.
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