07:47 AMTRW Automotive (TRW): Q3 EPS of $0.68 beats by $0.52. Revenue of $3.11B (-13.5%) vs. $2.87B. Sees Q4 revenue of $3.2B vs. $3B. "The cautious optimism that has emerged for the industry is supported by the increasing vehicle production forecasts. Although it appears the bottom of the financial crisis has been reached, full recovery will be a long and gradual process." (PR)
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07:26 AMTRW Automotive (TRW): Q2 EPS of -$0.11 vs. consensus of -$0.83 (may not be comparable). Excluding charges, reports $0.08 per share. Revenue of $2.7B (-39%) vs. $2.6B. (PR)
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11:23 AM
Sources say the $5B in aid to auto-parts suppliers will come "from a pool of money to be distributed by automakers." Last month the Original Equipment Suppliers Association said that up to 1/3 of America's 4,000 supplies face "imminent financial distress." A smattering: TRW +29%. JCI +5.6%. NOBL +57%. ARM +31%.
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