Supplier TRW posts smaller profit; 'cautious' on Europe

Newswire

DETROIT, July 31 (Reuters) - TRW Automotive Holdings Corp made a smaller profit in the second quarter due to higher taxes and raw material costs as well as expenses tied to the company's growth plans. The automotive parts supplier posted a net income of $220 million, or $1.71 per share, compared with $293 million, or $2.21 per share a year earlier. Excluding one-time items, TRW reported a profit of $1.72 per share. Revenue rose slightly to $4.24 billion from ...

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