Veoneer: Q3 Earnings Insights
Shares of Veoneer (NYSE:VNE) fell 2.1% in pre-market trading after the company reported Q3 results.Quarterly Results Earnings per share increased 20.00% year over year to ($0.96), which beat the estimate of ($0.97).Revenue of $371,000,000 decreased by 19.70% year over year, which beat the estimate of $356,890,000.Looking Ahead Earnings guidance hasn't been issued by the company for now.Revenue guidance hasn't been issued by the company for now.Conference Call Details Date: Oct 23, 2020View more earnings on VNETime: 09:00 AMET Webcast URL: https://edge.media-server.com/mmc/p/z258h6k2Price Action 52-week high: $18.9052-week low: $5.25Price action over last quarter: Up 57.16%Company Overview Veoneer designs, develops, and makes safety electronics for the global automotive industry. Passive safety products include sensors, electronic control units, and software used to prepare seat belt pretensioners, and to deploy airbags in a collision. Active safety products include sensors, electronic control units, and software that enable advanced driver assistance systems, or ADAS, highly automated driving, or HAD, and autonomous driving, or AD. Veoneer also provides brake system electronic control units and software in the U.S. Roughly one-third of revenue comes from each of Europe, the Americas, and Asia. Honda, Daimler, Ford, Hyundai/Kia, and the Renault-Nissan-Mitsubishi alliance are the company's five largest customers, accounting for 67% of 2019 revenue.See more from Benzinga * Options Trades For This Crazy Market: Get Benzinga Options to Follow High-Conviction Trade Ideas * Earnings Scheduled For October 23, 2020 * 12 Consumer Cyclical Stocks Moving In Monday's Pre-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga · 4d ago