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Veoneer, Inc. (VNE) (tech company in the Automobile space) announced its first quarter earnings at the back end of last month. Many investors believe a company like Veoneer should see strong growth going forward primarily due to the amount of capital entering this industry at present. Since this is an emerging industry, however, there are still many unknowns which is why the market has not yet taken well to the share price of Veoneer.
There were few highlights regarding the first quarter. What was positive was that the company's order book rose by