Autoliv (ALV) Stock Up 7% Since Q1 Earnings & Sales Beat
ALVAutoliv(ALV) Zacks Investment Research·2024-05-09 00:05

Shares of Autoliv Inc. (ALV) have rallied 7% since the company reported first-quarter 2024 results. It reported adjusted earnings of 1.58pershare,whichsurpassedtheZacksConsensusEstimateof1.58 per share, which surpassed the Zacks Consensus Estimate of 1.40 and rose 75.5% year over year. The outperformance can be attributed to better-than-expected sales across both units. The company reported net sales of 2.61billioninthequarter,whichtoppedtheZacksConsensusEstimateof2.61 billion in the quarter, which topped the Zacks Consensus Estimate of 2.57 million and rose 4.9% year over year. Organic sales rose 5% year over year a ...