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Autoliv Q3 operating profit tops forecast

·1 min read

STOCKHOLM, Oct 23 (Reuters) - Sweden's Autoliv , the world's largest producer of airbags and seatbelts, reported higher than expected quarterly earnings on Friday as it returned to profit in the wake of a plunge in car production due to the pandemic.

Autoliv reported a third-quarter operating profit of $175 million compared with a $154 million profit in the year-ago quarter and a mean forecast of $163 million based on a poll of analysts published by the company.

On an adjusted basis, operating earnings were $206 million in the quarter, up from a year-ago $183 million, the company said. (Reporting by Niklas Pollard, Editing by Helena Soderpalm)