VNE - Veoneer EPS misses by $0.20 beats on revenue

Veoneer (VNE): Q3 GAAP EPS of -$1.18 misses by $0.20.Revenue of $371M (-19.7% Y/Y) beats by $2.54M.Net Sales are expected to return to organic growth during Q4 and outperform the global LVP during 2H20; Currency translation, net is expected to be slightly positive for FY2020; RD&E, net is expected to improve by more than $100M Y/Y; Operating loss is expected to improve from 2019 levels and Cash flow before financing activities is now expected to be better than -$170M for 2H20.Shares -2.2% PM.Press Release

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Veoneer EPS misses by $0.20, beats on revenue