TRW profit beats on higher N. America demand

Tue May 1, 2012 7:09am EDT

May 1 (Reuters) - TRW Automotive Holdings Corp posted a quarterly profit ahead of analysts' expectations on higher demand for its auto safety systems in North America.

Net income attributable to TRW fell to $206 million, or $1.59 per share, from $281 million, or $2.13 per share, a year ago.

Excluding items, TRW earned $1.62 per share.

Revenue rose 2 percent to $4.21 billion.

Analysts on average had expected earnings of $1.61 per share on revenue of $4.16 billion, according to Thomson Reuters I/B/E/S.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.