What Made Aptiv's Stock Fall 11% in January
Shares of Aptiv PLC (NYSE: APTV) were already trending down in January before the company reported earnings on Jan. 30. While results were above expectations, the company's guidance disappointed and pushed the stock down further. For the month, shares of Aptiv fell 10.7%, according to data provided by S&P Global Market Intelligence.
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In October, Aptiv revised its full-year 2019 guidance down because of an ongoing strike at General Motors, a key Aptiv customer. Just three months later, Aptiv would beat its revised guidance with $14.4 billion in revenue, adjusted operating income of $1.5 billion, and earnings per share (EPS) of $4.80. Beating its guidance showed that the adverse effects of the strike weren't as bad as feared, though the company estimates they cost it $0.38 in EPS for the year.
Source Fool.com
