TRW Automotive Holdings
repeated its full-year outlook Thursday, including its belief that revenue will total $12.5 billion to $12.9 billion.
The Livonia, Mich., auto-parts supplier forecast earnings of $1.60 to $1.80 a share for 2005. The full-year outlook includes a $17 million tax benefit resulting from a tax law change in Poland and a $7 million loss on the retirement of debt.
Excluding the items, TRW expects a profit of $1.50 to $1.70 a share. The earnings outlook includes restructuring expenses of around $70 million and assumes a tax rate of 43% to 50%. The company expects capital spending to be around 4% of sales for the year.
On average, analysts asked by Thomson First Call are looking for earnings of $1.70 and sales of $12.65 billion.
Shares of TRW fell 9 cents to $29.41.