Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

TRW Reaches Two-Year High After Exceeding Estimates

TRW Automotive Holdings Corp., the world’s biggest vehicle-safety equipment maker, rose to a two-year high after reporting fourth-quarter earnings that exceeded analysts’ estimates.

The shares gained 0.8 percent to $60.32 in New York, the highest closing price since Feb. 15, 2011.

Quarterly profit excluding some items was $1.55 a share, the Livonia, Michigan-based company said in a statement today. That beat the $1.34 average of 10 estimates compiled by Bloomberg. TRW’s net income fell 1.4 percent to $419 million, or $3.26 a share, from $425 million, or $3.27, a year earlier.

TRW, like other suppliers of car and truck parts, is grappling with lower demand from automakers operating in Europe, where vehicle sales reached a 19-year low in 2012. The company today forecast that industry production this year will increase 3 percent in North America and slide 4 percent in Europe.

The auto-parts maker said it expects its own full-year sales to be $16.4 billion to $16.7 billion, including about $4.1 billion this quarter. Revenue in 2012 rose 1.2 percent to $16.4 billion.

TRW shares have climbed 13 percent this year, as the Standard & Poor’s 500 Index has risen 6.6 percent.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.