06:38 AM EDT, 07/19/2024 (MT Newswires) -- Autoliv ( ALV ) reported Q2 adjusted earnings Friday of $1.87 per diluted share, down from $1.93 a year earlier.

Analysts polled by Capital IQ expected $2.21.

Net sales for the quarter ended June 30 was $2.61 billion, down from $2.64 billion a year earlier.

Analysts surveyed by Capital IQ expected $2.74 billion.

For 2024, the automobile safety equipment maker now expects organic sales growth of 2%, compared with the prior outlook of a 5% growth. Analysts surveyed by Capital IQ expect revenue of $10.92 billion.

Shares of the company fell more than 8% in recent pre-bell activity Friday.

Price: 99.19, Change: -9.39, Percent Change: -8.65