DOLAR 16,1920
EURO 17,4658
ALTIN 965,28
BIST 2.438,84
Adana Adıyaman Afyon Ağrı Aksaray Amasya Ankara Antalya Ardahan Artvin Aydın Balıkesir Bartın Batman Bayburt Bilecik Bingöl Bitlis Bolu Burdur Bursa Çanakkale Çankırı Çorum Denizli Diyarbakır Düzce Edirne Elazığ Erzincan Erzurum Eskişehir Gaziantep Giresun Gümüşhane Hakkari Hatay Iğdır Isparta İstanbul İzmir K.Maraş Karabük Karaman Kars Kastamonu Kayseri Kırıkkale Kırklareli Kırşehir Kilis Kocaeli Konya Kütahya Malatya Manisa Mardin Mersin Muğla Muş Nevşehir Niğde Ordu Osmaniye Rize Sakarya Samsun Siirt Sinop Sivas Şanlıurfa Şırnak Tekirdağ Tokat Trabzon Tunceli Uşak Van Yalova Yozgat Zonguldak
İstanbul 29°C
Parçalı Bulutlu
İstanbul
29°C
Parçalı Bulutlu
Paz 27°C
Pts 26°C
Sal 25°C
Çar 25°C

Auto parts maker Aptiv joins rivals to flag earnings hit from China lockdowns

13.05.2022
A+
A-

By Nathan Gomes

-Auto part supplier Aptiv Plc warned of a hit to its current quarter earnings on Thursday, joining rivals who have also flagged a dent in auto production due to the ongoing COVID-19 lockdowns in China, one of the biggest auto markets.

“We believe the second quarter will be significantly impacted by the COVID-related lockdowns in China,” Chief Financial Officer Joseph Massaro said during an analyst call.

Aptiv has a “heavy presence” in Shanghai, a city that has been under strict lockdowns due to surging COVID-19 cases.

Last week, Canadian auto parts maker Magna International Inc lowered its annual profit forecast, in part due to the lockdowns. BorgWarner Inc has also warned of a hit to its second-quarter revenue.

Aptiv, though, kept its full-year forecast intact after posting better-than-expected first-quarter results, as demand for its electrical components and software from carmakers investing billions to switch to making electric vehicles.

“We and most others expected APTV to cut guidance amid

elevated macro pressures…..yet APTV surprised to the upside by maintaining its guide,” said Credit Suisse analyst Dan Levy.

CFRA analyst Garrett Nelson, though, expects Aptiv to cut forecast in the subsequent quarters due to lower margins.

Aptiv’s net income fell 73.8% to $73 million, or 27 cents per share for the quarter ended March 31 from a year earlier, in part due raw material prices and supply chain disruptions.

On an adjusted basis, the Dublin, Ireland-based company posted a profit of 63 cents per share, ahead of expectations of 61 cents.

Net sales rose about 4% to $4.18 billion, beating analysts’ estimates of $4.04 billion.

YORUMLAR

Henüz yorum yapılmamış. İlk yorumu yukarıdaki form aracılığıyla siz yapabilirsiniz.

instagram volgers kopen volgers kopen buy windows 10 pro buy windows 11 pro