TRW Automotive Blows Past Estimates (TRW)

TRW Automotive Holdings Corporation TRW released financial results on Wednesday morning that easily beat Wall Street estimates. TRW Automotive Holdings Corporation announced that its 3rd quarter net earnings surged to $199 million, or $1.54 per share, up from $56 million, or 50 cents per share, a year earlier. Excluding special items, the company reported earnings of $1.47 per share. Revenue rose 10% to $3.43 billion, up from $3.11 billion a year earlier. According to a poll of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 78 cents per share, on revenue of $3.15 billion. TRW Automotive Holdings Corporation (TRW) finished the previous trading day at $46.99 per share. The consensus price target of analysts covering the company's stock is $50.63 per share. Read more from Benzinga's Company news.