Aptiv (APTV) Rises 9% Since Q1 Earnings Beat, Revenues Up Y/Y

Aptiv PLC (APTV) reported mixed first-quarter 2024 results, with earnings beating the Zacks Consensus Estimate but revenues missing the same. The earnings beat impressed investors as the stock gained 8.5% since the earnings release on May 2. Quarterly adjusted earnings of $1.16 per share beat the Zacks Consensus Estimate by 10.5% and increased 27.5% year over year. Revenues of$ 4.9 billion missed the Zacks Consensus Estimate by 1.7% but increased 1.7% year over year. The company’s adjusted revenues register ...