(Reuters) -Aptiv raised its full-year profit forecast on Thursday, banking on sustained demand for its electrical and software systems from the global auto industry.
Steady demand for Aptiv’s advanced driver-assistance systems and infotainment units helped it offset a hit from Trump’s broad range of tariffs and weak demand for electric vehicles.
Peer BorgWarner topped analysts’ expectations for third-quarter profit, aided by strong demand for its turbochargers and powertrains.
Aptiv now expects annual adjusted net income per share of between $7.55 and $7.85, up from its prior range of between $7.30 and $7.60.
Its overall quarterly net sales rose about 7.4% to $5.21 billion, topping estimates of $5.09 billion, according to data compiled by LSEG.
On an adjusted basis, it earned a profit per share of $2.17 for the quarter through September, compared with $1.83 a year earlier.
(Reporting by Nathan Gomes in Bengaluru; Editing by Anil D’Silva)
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