🔴 Aptiv is trading 10.2% down today as a guidance cut outweighs a Q2 margin beat

Aptiv is trading at $51.40 (-10.19%) in pre-market after management slashed its forward guidance, overshadowing a beat on margins and earnings.

• The company reported Q2 revenue of $3.3 billion, slightly missing analyst estimates despite an improved adjusted EBITDA margin of 18.7%.
• The downward move is driven by the weaker-than-expected outlook, which offset a beat on adjusted earnings per share.
• The sell-off appears company-specific, as broader markets remain firm despite the automotive technology supplier's guidance cut.