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Recap: Autoliv Q1 Earnings

Benzinga Insights
·1 min read

Shares of Autoliv (NYSE:ALV) rose over 7% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share decreased 26.67% year over year to $0.88, which beat the estimate of $0.81.

Revenue of $1,846,000,000 less by 15.09% from the same period last year, which missed the estimate of $1,870,000,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Apr 24, 2020

View more earnings on ALV

Time: 01:02 AM ET

Webcast URL: https://www.autoliv.com/investors/calendar

Technicals

Company's 52-week high was at $87.01

52-week low: $38.16

Price action over last quarter: down 21.17%

Company Description

Autoliv is the global leader in safety components and systems for the auto industry. Products include seat belts, frontal air bags, side-impact air bags, air bag inflators, and steering wheels. Research and development is a vital part of the company's strategy, as Autoliv regularly spends about 5% of sales to maintain a competitive advantage.

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