Aptiv gains after Q2 profit forecast

** Auto parts supplier Aptiv's APTV 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