Autoliv flags auto output uncertainty after profit tops forecast [Reuters]
Autoliv, Inc. (ALV)
Last autoliv, inc. earnings: 4/24 06:00 am
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Source: Reuters
Autoliv flags auto output uncertainty after profit tops forecast STOCKHOLM, April 28 Autoliv, the world's biggest maker of airbags andseatbelts, reported a bigger-than-expected rise in quarterlyearnings but flagged uncertainty about global vehicle productionahead, sending its shares slightly lower. The Stockholm-based auto safety gear maker said firstquarter operating profit rose to $218 million from a year-ago$205 million to come in ahead of a mean forecast of $206 millionin a Reuters poll of analysts. The company kept unchanged its outlook for the full year butforecast like-for-like sales growth would slow in the secondquarter compared to the first while it struck a note of cautionabout global light vehicle production. "Light vehicle production grew by almost 6 percent in thequarter, with growth in all regions," the company said. "However, we currently see some uncertainties relating tolight vehicle production growth, including high inventory levelsand slower sales momentum, especi
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News
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- Autoliv, Inc. (NYSE: ALV) had its price target raised by analysts at Barclays PLC from $107.00 to $120.00. They now have an "equal weight" rating on the stock.MarketBeat
- Here's Why Autoliv, Inc. (ALV) is a Strong Growth Stock [Yahoo! Finance]Yahoo! Finance
ALV
Earnings
- 1/26/24 - Beat
ALV
Sec Filings
- 3/28/24 - Form 4
- 3/28/24 - Form 4
- 3/28/24 - Form 4
- ALV's page on the SEC website