Auto systems supplier TRW Automotive Holdings Corp, targeted for takeover by ZF Friedrichshafen, easily beat Wall Street profit expectations for the second quarter on Tuesday as revenue rose 2 percent.Excluding one-time items, TRW earned $2.32 per share in the quarter, versus $2.02 a year earlier. Analysts expected earnings of $2.12 per share, excluding one-time items, according to a poll by Thomson Reuters I/B/E/S.Earlier this month, Germany's privately held ZF Friedrichshafen said it was in takeover talks with TRW, which confirmed it had been approached about a takeover.ZF Friedrichshafen, the automotive engineering firm, is interested in TRW because it wants to gain a better foothold in the expanding market of self-driving vehicles, ZF's finance chief said earlier this month..
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.49% or $0.18/share to $37.07. In the past year, the shares have traded as low as $32.87 and as high as $38.73. On average, 761364 shares of TRI exchange hands on a given day and today's volume is recorded at 479904.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.38% or $0.15/share to $40.03. In the past year, the shares have traded as low as $34.52 and as high as $42.10. On average, 574203 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 395804.
TRW Automotive Holdings Corp. (TRW Automotive) is a supplier of automotive systems, modules and components to global automotive original equipment manufacturers (OEMs) and related aftermarkets. Shares of TRW fell by 1.05% or $-1.11/share to $104.36. In the past year, the shares have traded as low as $68.09 and as high as $106.87. On average, 1257700 shares of TRW exchange hands on a given day and today's volume is recorded at 1308233.
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