Autoliv slashes full-year outlook after quarterly profit slide [Reuters]
Autoliv, Inc. (ALV)
Last autoliv, inc. earnings: 4/24 06:00 am
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Source: Reuters
Autoliv slashes full-year outlook after quarterly profit slide STOCKHOLM, July 19 (Reuters) - Sweden’s Autoliv cut its 2019 organic sales growth outlook on Friday, as the car safety equipment maker became the latest casualty of a deteriorating auto industry to report a quarterly earnings miss. The world’s largest maker of airbags and seatbelts forecast organic sales growth of 1% to 3% for 2019 and an adjusted operating margin of 9.0% to 9.5%, compared to its previous expectations of around 5% and about 10.5% respectively. Autoliv, which competes with Joyson Safety Systems and ZF TRW, reported a fall in second-quarter operating profit to $170 million from $229 million a year ago. Analysts on an average had expected $199 million according to Refinitiv data. (Reporting by Esha Vaish in Stockholm; editing by Johannes Hellstrom) Our Standards: The Thomson Reuters Trust Principles.
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- 1/26/24 - Beat
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Sec Filings
- 3/28/24 - Form 4
- 3/28/24 - Form 4
- 3/28/24 - Form 4
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