May 5 (Reuters) - Aptiv PLC reported a rise in first-quarter profit and revenue on Tuesday, helped by sustained demand for auto parts.
Demand for auto parts, especially advanced driver-aid systems that Aptiv specializes in, has remained strong as more global automakers integrate self-driving technology in their cars.
Last week, peer Magna International also topped analysts' estimates for first-quarter sales and profit, as the Canadian company benefited from favorable foreign-exchange movement and resilient demand for its auto parts.
Aptiv reaffirmed its annual sales expectations of between $12.8 billion and $13.2 billion.
It expects its full-year adjusted profit per share between $5.70 and $6.10.
On an adjusted basis, it earned $1.71 per share for the first quarter, compared with $1.69 a year earlier.
Analysts on average expected the company to record a profit of $1.72 per share, according to data compiled by LSEG.
Overall revenue in the quarter ended March 31 rose 5.4% to roughly $5.1 billion from a year ago, beating estimates of $4.4 billion.
(Reporting by Nathan Gomes in Bengaluru; Editing by Leroy Leo)
