** Auto parts supplier Aptiv's APTV.N shares rise 2% to $58
** Co forecasts Q2 profit above analysts' estimate, betting on benefits from previously implemented cost-saving measures
** APTV expects second-quarter adj. profit to be $1.70 to $1.90/share, above analysts' average estimate of $1.65/share, according to data compiled by LSEG
** Co posts Q1 adj. profit of $1.69/share, compared with analysts' estimates of $1.53/share
** Aptiv's quarterly net sales fall about 1.5% to $4.83 bln, compared with analysts' expectation of $4.78 billion
** 16 of 24 brokerages rate the stock "buy" or higher, 7 "hold" and 1 "sell"; their median PT is $72.78 - LSEG
** As of last close, stock had fallen 5.4% YTD
(Reporting by Apratim Sarkar)
((Apratim.Sarkar@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.