ALV Stronger Than Predicted

Autoliv reported stronger than expected second-quarter earnings per share of $1.48, besting the Street consensus by $0.10 and $0.09 higher than the year-ago $1.39 EPS. Owing to an anemic European new car market, analysts were also expecting Autoliv to report flattish earnings for the quarter. The company’s like-for-like European revenue increased by 4% compared with a 4% decline in new car registrations. Management also raised … Continue reading ALV Stronger Than Predicted