Courtesy of Benzinga.
TRW Automotive Holdings Corp (NYSE: TRW) reported a 29% surge in its second-quarter earnings and raised its full-year sales forecast.
TRW reported its quarterly profit at $293 million, or $2.21 per share, up from $227 million, or $1.78 per share, in the year-ago period. Excluding one-time items, TRW’s earnings came in at $1.99 per share. However, analysts were expecting earnings of $1.71 per share. Its sales rose 16% to $4.23 billion, versus analysts’ estimates of $4.04 billion.
TRW raised its full-year sales forecast to between $16.2 billion and $16.4 billion, up from its earlier forecast of $15.7 billion to $16 billion. TRW projects Q3 sales of $3.9 billion, versus analysts’ estimates of $3.83 billion.
TRW shares gained 1.23% to $46.90 in after-hours trading.
