Autoliv first-quarter profit lags forecast, 2019 guidance above consensus [Reuters]
Autoliv, Inc. (ALV)
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Source: Reuters
Autoliv first-quarter profit lags forecast, 2019 guidance above consensus - Reuters 1 Min Read STOCKHOLM (Reuters) - Sweden’s Autoliv, the world’s largest maker of airbags and seatbelts, on Friday reported a first-quarter operating profit below market expectations but forecast 2019 organic sales growth and margins above analysts’ consensus. The company, which competes with Joyson Safety Systems and ZF TRW, reported a quarterly operating profit of $173 million, down from 243 million a year earlier and lagging a $212 million forecast in a poll of analysts. Autoliv forecast full-year organic growth of 5 percent and an adjusted operating margin of 10.5 percent, above the mean analysts forecast for 4.2 percent and 10.3 percent respectively. Reporting by Johannes Hellstrom; editing by Niklas Pollard All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2019 Reuters. All Rights Reserved. Autoliv first-quarter profit lags forecast, 2019
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