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Autoliv, Inc. (ALV) came out with quarterly earnings of $1.93 per share, beating the Zacks Consensus Estimate of $1.45 per share. This compares to earnings of $0.90 per share a year ago.
Autoliv has been a good investment, outperforming most indices, despite not adding to the position for a long time. Due to automotive trends, including recovery, ALV may see an upward business trajectory, potentially in double digits for several years. I plan to present a bullish case for the company but also a more "realistic" potential, acknowledging the risks involved in investing in Autoliv.
Autoliv Inc. ALV, +1.26% stock is up 1.3% on Thursday after the auto safety equipment maker said it plans to lay off about 11% or up to 8,000 of its direct and indirect work force in an effort to contain costs. Starting this year and concluding by 2025, Autoliv will trim up to 6,000 jobs in its global direct headcount.
Autoliv , is speeding up cost cuts, mainly in Europe, and expects to cut 6,000 jobs or 11% of its workforce, the world's biggest maker of airbags and seatbelts said on Thursday as it fights high raw material prices.
AutoLiv's (ALV) subsidiary and Nio collaborate to develop safety technologies for electric vehicles, with a primary focus on providing sustainable solutions.
New York State Teachers' Retirement System sold Electronic Arts and HP stock, and initiated an investment in Autoliv in the first quarter.
Autoliv's (ALV) Q1 organic sales rise 21% year over year and breeze past the consensus mark of 6.27%. The company reiterates 2023 guidance.
Autoliv, Inc. (ALV) came out with quarterly earnings of $0.90 per share, beating the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.45 per share a year ago.
Shares of Autoliv Inc. ALV, -1.05% dropped 4.0% in premarket trading Friday, after the automotive safety systems company reported revenue that beat expectations but profit that matched, and cash flow that turned negative. Net income fell to $74 million, or 86 cents a share, from $83 million, or 94 cents a share, in the year-ago period.
Autoliv (ALV) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.