Aptiv’s Q3 net income drops 44% y/y to USD222 million
Company revises financial guidance for fiscal year 2018
Aptiv’s net income dropped 43.8% year-over-year (y/y) to USD222 million in the third quarter ended 30 September 2018, the US-based supplier said in a press release on 30 October. Net sales for the quarter increased 10.7% y/y to USD3.48 billion. Despite higher sales, Aptiv recorded 13.4% y/y decline in operating income to USD323 million, as the company witnessed higher cost of sales and restructuring expenses during the quarter.
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