Autoliv Earnings: Here’s Why Investors are Selling Shares Now
Autoliv, Inc. (NYSE:ALV) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 1.58%.
Autoliv, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 3.6% to $1.44 in the quarter versus EPS of $1.39 in the year-earlier quarter.
Revenue: Rose 5.23% to $2.2 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Autoliv, Inc. reported adjusted EPS income of $1.44 per share. By that measure, the company beat the mean analyst estimate of $1.38. It beat the average revenue estimate of $2.16 billion.
Quoting Management: Jan Carlson, President and CEO, commented, “Autoliv had a solid quarter achieving record sales and a solid operating margin. The global vehicle production developed slightly better than anticipated, and through good execution, and high deliveries to well performing vehicle platforms we were able to benefit from the increase. During the quarter Autoliv held a Capital Market Day outlining future strategies for growth, and it is especially pleasing to see the key strategic growth areas of active safety, and new growth markets, specifically China, performing well.”
Key Stats (on next page)…