Wednesday, May 2, 2007

UPDATE 1-TRW Automotive posts quarterly net loss

(Reuters) - TRW reported a net loss of $86 million, or 87 cents per share, for the first quarter, compared with net earnings of $47 million, or 46 cents per share, a year earlier.

Excluding debt charges in both periods, TRW's earnings fell to $61 million or 60 cents per share, from $104 million, or $1.01 per share, a year earlier, on pressure from production cuts by customers in North America and higher commodity costs.


Read more at Reuters.com Market News

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