Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), the world's largest pure-play company focused on Advanced Driving Assistance Systems and Automated Driving, and its software joint venture Zenuity, have been selected by a global, Asia-based, automaker to supply an active safety system based on its next generation Mono Vision and Radar System. This is the eighth customer for Veoneer's in-house developed vision system.
Given the rapid changes in the market caused by the effects of the coronavirus outbreak, Veoneer Inc. (NYSE: VNE and SSE: VNE SDB), updates indications of its first quarter 2020, current business situation and short term response actions.
NEW YORK, NY / ACCESSWIRE / April 24, 2020 / Veoneer, Inc. (NYSE:VNE) will be discussing their earnings results in their 2020 First Quarter Earnings call to be held on April 24, 2020 at 9:00 AM Eastern ...
Veoneer, Inc. (NYSE: VNE) (SSE: VNE SDB), estimates its current total order book value to be approximately $19 billion, in line with the estimate of more than $19 billion from the end of 2018, pointing to strong sales growth ahead. Lifetime value of the new order intake for the full year 2019 is estimated at approximately $2.5 billion, corresponding to an average annual new order intake value of around $550 million, of which around 70% is for Active Safety orders. The lower than expected figure is mainly due to delayed timing of orders, first indicated in Veoneer's earnings release for the third quarter 2019.
Veoneer, Inc. (VNE) delivered earnings and revenue surprises of -11.19% and 0.84%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Shares of Veoneer (NYSE:VNE) rose 8% in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share decreased 33.12% over the past year to ($2.09).Revenue of $362,000,000 lower by 26.72% year over year, which beat the estimate of $1.Looking Ahead Earnings guidance hasn't been issued by the company for now.Revenue guidance hasn't been issued by the company for now.How To Listen To The Conference Call Date: Apr 24, 2020View more earnings on VNETime: 09:05 AM ETWebcast URL: https://edge.media-server.com/mmc/p/ppqbbbabRecent Stock Performance 52-week high: $28.75Company's 52-week low was at $5.25Price action over last quarter: down 41.16%Company Description Veoneer designs, develops, and makes safety electronics for the global automotive industry. Passive safety products include sensors, electronic control units, and software used to prepare seat belt pretensioners, and to deploy airbags in a collision. Active safety products include sensors, electronic control units, and software that enable advanced driver assistance systems, or ADAS, highly automated driving, or HAD, and autonomous driving, or AD. Veoneer also provides brake system electronic control units and software in the U.S. Roughly one-third of revenue comes from each of Europe, the Americas, and Asia. Honda, Daimler, Ford, Hyundai/Kia, and the Renault-Nissan-Mitsubishi alliance are the company's five largest customers, accounting for 67% of 2019 revenue.See more from Benzinga * 13 Consumer Cyclical Stocks Moving In Friday's Pre-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Veoneer, Inc. (VNE) delivered earnings and revenue surprises of 15.53% and -0.79%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
Swedish auto technology group Veoneer said on Friday its order intake in 2019 was weaker than expected, blaming a timing delay in bookings for a surprisingly slow end to the year. On Friday, it estimated the lifetime value of its new order intake last year at around $2.5 billion, while its total order book was seen worth around $19 billion. Veoneer said the full-year order intake corresponded to an average annual new order intake of around $550 million, compared to $1 billion by the end of September.
Geely-owned Volvo Cars and auto tech supplier Veoneer
Veoneer, Inc. (NYSE: VNE) (SSE: VNE SDB), the world's largest pure-play company focused on Advanced Driving Assistance Systems and Automated Driving, has completed the sale of its 51% ownership in the Japanese (VNBJ) and Chinese (VNBZ) entities that comprise Veoneer Nissin Brake Systems (VNBS) to its joint venture partner Nissin-Kogyo Co., Ltd. and Honda Motor Co., Ltd.
Veoneer, Inc. (VNE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Q4 2019 Veoneer Inc Earnings Call
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Taking the occasional loss comes part and parcel with investing on the stock market. Anyone who held Veoneer, Inc...
It's been a pretty great week for Veoneer, Inc. (NYSE:VNE) shareholders, with its shares surging 14% to US$14.82 in...
The automotive technology company, Veoneer, Inc. (NYSE: VNE) and (SSE: VNE SDB), has, following a strategic review, decided to exit the brake control business and has signed a non-binding agreement with a well-established automotive supplier to divest Veoneer's yet to be launched US brake control programs.
Financial Summary - Q4'19
The automotive technology company Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), launches its state-of-the-art suite of collision mitigation technology on the new fully electric Polestar 2.
Financial Summary - Q1'20
Although Tenneco (TEN) is taking incremental actions to facilitate the planned spinoff of DRiV, volatile industry environment and unfavorable market conditions are acting as deterrents.