Net earnings were $208m, or $1.54 per diluted share, for the third quarter of 2010, compared to $62m, or $0.5 per diluted share, for the same period in 2009. Gross profit was $387m, compared to $301m for the same period in 2009.
For the nine months of 2010, sales were $10.67 billion, compared to $8.23 billion for the same period in 2009. Gross profit was $1.25 billion, compared to $531m for the same period in 2009.
The company recorded net earnings of $658m, or $4.93 per diluted share, for the nine months ended October 1, 2010, compared to a net loss of $73m, or $0.82 per diluted share, for the same period in 2009.
John Plant, president and CEO of the company, said: “TRW's performance continues to be led by strong revenue growth combined with a low cost structure. The outstanding business performance achieved through the first nine months of this year, combined with our leading technology portfolio, the overall industry recovery and our successful growth in the emerging markets, gives us confidence as we look to the future.”
Will the company further improve sales in Q4?
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