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Autoliv's Q3 Adjusted Earnings Increase, Revenue Declines

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Autoliv's Q3 Adjusted Earnings Increase, Revenue Declines

Oct 18, 2024 4:35 AM

07:05 AM EDT, 10/18/2024 (MT Newswires) -- Autoliv ( ALV ) reported Q3 adjusted earnings Friday of $1.84 per diluted share, up from $1.66 a year earlier.

Analysts polled by Capital IQ expected $1.84.

Revenue for the quarter ended Sept. 30 was $2.56 billion, compared with $2.60 billion a year earlier.

Analysts polled by Capital IQ expected $2.54 billion.

Meanwhile, the company lowered its 2024 organic sales growth guidance to 1% from the 2% previously anticipated due to the unfavorable market mix.

Shares of the company rose more than 9% in pre-bell market activity.

Price: 102.50, Change: +8.61, Percent Change: +9.17

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