(Adds Outlook)
Aptiv PLC (APTV) reported earnings for its fourth quarter that increased from last year and beat the Street estimates.
The company's earnings totaled $233 million, or $0.86 per share. This compares with $15 million, or $0.06 per share, in last year's fourth quarter.
Excluding items, Aptiv PLC reported adjusted earnings of $361 million or $1.27 per share for the period.
Analysts on average had expected the company to earn $1.22 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 12.2% to $4.640 billion from $4.134 billion last year.
Outlook:
Looking ahead, for the fiscal 2023, Aptiv expects adjusted income per share of $4 - $4.50. Analysts on average expect the company to earn $4.73 per share, for the year, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
For the full-year, the company forecast sales of $18.700 billion - $19.300 billion. Analysts, on average, project the firm to post sales of $19.32 billion.
Aptiv PLC Q4 earnings at a glance (GAAP) :
-Earnings (Q4): $233 Mln. vs. $15 Mln. last year.
-EPS (Q4): $0.86 vs. $0.06 last year.
-Analyst Estimate: $1.22
-Revenue (Q4): $4.640 Bln vs. $4.134 Bln last year.
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