Veoneer, Inc. (NYSE:VNE) Just Reported And Analysts Have Been Lifting Their Price Targets
Last week saw the newest third-quarter earnings release from Veoneer, Inc. (NYSE:VNE), an important milestone in the...
Simply Wall St. · 1d ago
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: 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 does not provide investment advice. All rights reserved.
Benzinga · 4d ago
Veoneer Q3 loss matches forecast, sees return to organic growth in Q4
Automotive technology group Veoneer on Friday reported a quarterly operating loss in line with market forecasts and said it expected net sales to return to organic growth in the fourth quarter. The Sweden-based company reported a $103 million operating loss for the third quarter, versus a $122 million loss a year earlier, right in line with mean analysts' forecast in a poll published by the company.
Reuters · 4d ago
Veoneer -2% after profit miss, guiding for full-year operating loss
Veoneer (VNE) reports organic revenue fell 7% Y/Y in Q3. Organic sales fell 9% during the quarter for the active safety business. The company's operating margin landed at -27.8% of
Seekingalpha · 4d ago
Veoneer EPS misses by $0.20, beats on revenue
Veoneer (VNE): Q3 GAAP EPS of -$1.18 misses by $0.20.Revenue of $371M (-19.7% Y/Y) beats by $2.54M.Net Sales are expected to return to organic growth during Q4 and outperform the
Seekingalpha · 4d ago
Veoneer Q3 Operating Loss $103M, Sales $371.00M Beat $356.89M Estimate
Veoneer (NYSE:VNE) reported quarterly sales of $371.00 million which beat the analyst consensus estimate of $356.89 million by 3.95 percent. This is a 19.70 percent decrease over sales of $462.00 million the same period
Benzinga · 4d ago
Six Chip Stocks to Play a Rebound in Auto Sales
Mizuho analyst raises his price targets on Texas Instruments, Microchip, NXP, and three others. · 10/16 16:44
Is Veoneer (NYSE:VNE) Using Debt In A Risky Way?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Simply Wall St. · 10/13 16:43
G.research 44th Annual Auto Symposium - Virtual
G.research, in conjunction with Gabelli Funds, will virtually host the 44th Annual Automotive Symposium on Monday, November 2nd & Tuesday, November 3rd, 2020.This research meeting will feature presentations by senior management of several leading automotive companies, with an emphasis on industry dynamics
Business Wire · 10/06 18:17
Veoneer Sensors and ADAS ECU in the Mercedes GLE, winner of Euro NCAP 2020 AD Grading
The automotive technology company Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), is proud supplier to the Mercedes GLE, test winner among nine competitors in the Euro NCAP 2020 AD Grading.
PR Newswire · 10/05 16:30
Auto stocks gain as focus on China grows
The automobile sector is largely higher on more enthusiasm over the pace of sales in China, highlighted again today by a strong deliveries report from XPeng. There is also positive
Seekingalpha · 10/05 14:21
Subaru and Veoneer come together to manufacture new-generation EyeSight
Veoneer (VNE) has partnered with Subaru (FUJHY) to introduce the new-generation EyeSight on the all-new Subaru Levorg.Production will begin for the Japan market later this year. The new-generation EyeSight hardware
Seekingalpha · 10/01 09:51
Subaru and Veoneer comes together to manufacture new generation EyeSight
Veoneer (VNE) has partnered with Subaru (FUJHY) to introduce the new generation EyeSight on the all-new Subaru Levorg.Production will begin for the Japan market later this year. The new generation
Seekingalpha · 10/01 09:51
Subaru Selects Veoneer to Manufacture New Generation Eyesight
The automotive technology company Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), has partnered with Subaru to introduce the new generation EyeSight on the all-new Subaru Levorg. Veoneer will begin producing systems for the Japan market starting later this year.
PR Newswire · 10/01 07:56
Veoneer Supplies Advanced Driver Assistance Technology to Global Premium Automaker
The automotive technology company Veoneer, Inc. (NYSE: VNE) (SSE: VNE SDB), will equip a world-class premium automaker with the most advanced stereo vision camera system, perception software and 77 GHz front and rear radar system available in the market. These systems supply data to the vehicle's
PR Newswire · 09/10 08:02
Veoneer (VNE) Catches Eye: Stock Jumps 8.7%
Zacks · 08/31 13:49
WDAY, ULTA among premarket gainers.
Nortech Systems (NSYS) +60% on completing sale-leaseback.Medigus (MDGS) +20% on LOI to acquire controlling interest in Smart Repair Pro, Purex.iBio (IBIO) +19% on getting into COVID-19 therapy race with Plant
Seekingalpha · 08/28 12:20
Auto tech firm Veoneer shares add on gains as Qualcomm deal gives boost
Shares in auto technology group Veoneer picked up further gains in early trading after jumping 19% on Thursday as it unveiled a partnership with U.S tech giant Qualcomm in advanced driver assistance systems. Veoneer's Sweden-listed shares were up 8.5% by 0825 GMT on Friday with several equity analysts
Reuters · 08/28 10:22
Abercrombie & Fitch, BMC Stock Holdings, Veoneer: 5 Stock Gainers for Thursday
Abercrombie & Fitch, BMC Stock Holdings, VBI Vaccines, Rhythm Pharmaceuticals and Veoneer are rising Thursday. · 08/27 21:39
AMC Entertainment and IZEA Worldwide among consumer gainers; Garrett Motion among losers
Gainers: IZEA Worldwide (IZEA) +18%. AutoWeb (AUTO) +17%. Veoneer (VNE) +16%. China Liberal Education (CLEU) +14%. AMC Entertainment (AMC) +13%.Losers: LAIX (LAIX) -16%. Li Auto (LI) -13%. Garrett Motion (GTX) -13%. (OSTK) -12%. Urban
Seekingalpha · 08/27 16:05
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About VNE
Veoneer, Inc. is designing, developing, selling and manufacturing automotive safety electronic products. The Company operates through Electronics segment. The Electronics reporting segment consists of active safety and restraint control systems product areas. The Company’s provides advanced Active Safety sensors, used for advanced driver assistance system (ADAS), highly automated driving (HAD) and autonomous driving (AD) solutions, such as vision and radar systems, ADAS Electronic Control Units (ECUs), night vision and positioning systems. It also offers driver monitoring systems, LiDAR sensors and other technologies critical for AD solutions by leveraging its partnership network and internally developed intellectual property. It also provides Restraint Control Systems, such as ECUs and crash sensors for deployment of airbags and seatbelt pretensioners in the event of a collision.