UPDATE 1-TRW Automotive quarterly profit jumps; shares rise

* Q3 EPS ex-items $1.47 vs Street 78 cents

* TRW forecasts 2010 sales at $14.1 bln

* TRW shares up 4.2 percent

DETROIT, Nov 3 (BestGrowthStock) – TRW Automotive Holdings Corp
(TRW.N: ) said on Wednesday that quarterly profit more than
tripled as its customers’ increased vehicle production
supported sales, and its shares rose more than 4 percent.

TRW, which makes auto safety equipment such as airbags and
electronic stability controls systems, raised its full-year
sales forecast and said the overall auto industry recovery
would support a strong year for company.

Net income rose to $199 million, or $1.54 per share, in the
third quarter, from $56 million, or 50 cents per share, a year

Excluding one-time items, TRW reported earnings of $1.47
per share. On that basis, analysts on average expected 78
cents, according to Thomson Reuters I/B/E/S.

Revenue rose 10 percent to $3.4 billion, while analysts
expected $3.15 billion.

TRW said increased vehicle production and restructuring in
recent years to reduce costs supported results. Negative
currency movements and a modest increase in raw materials
prices pressured results.

The beat was solid even after accounting for a tax rate
that was lower than expected and some potentially nonrecurring
benefits, JPMorgan analyst Himanshu Patel said in a note.

TRW raised its full-year sales forecast to $14.1 billion
from a range of $13.2 billion to $13.6 billion disclosed with
its second-quarter earnings release. The 2010 forecast includes
expectations for fourth-quarter sales of about $3.4 billion.

Shares of TRW were up 4.2 percent at $48.96 on the New York
Stock Exchange.
(Reporting by David Bailey; Editing by Lisa Von Ahn)

UPDATE 1-TRW Automotive quarterly profit jumps; shares rise