Autoliv Q4 Profit Rises, Tops Estimates

RTTNews | 824 days ago
Stocktwits
Autoliv Q4 Profit Rises, Tops Estimates

(RTTNews) - Swedish automotive safety supplier Autoliv, Inc. (ALV) reported Friday that net income for the fourth quarter increased to $156 million or $1.80 per share from $115 million or $1.31 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter was $1.83 per share, compared to $1.30 per share in the year-ago quarter.

On average, 11 analysts polled by Thomson Reuters expected the company to report earnings of $1.76 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales for the quarter grew 10 percent to $2.34 billion from $2.12 billion in the same quarter last year. Organic sales increased 18 percent. Analysts expected revenues of $2.44 billion for the quarter.

Looking ahead to fiscal 2023, the company expects organic sales growth of around 15 percent. The Street is looking for sales growth of 7.4 percent to $9.56 billion for the year.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: ALV
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German Economy Recovers On Spending, Investment

German Economy Recovers On Spending, Investment

The German economy recovered in the first quarter driven by higher private consumption and investment, flash data from Destatis revealed on Wednesday. Gross domestic product grew 0.2 percent sequentially, offsetting the 0.2 percent fall in the preceding quarter. The rate also matched economists' expectations. The calendar-adjusted GDP posted an annual fall of 0.2 percent.
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UK House Prices Fall More Than Expected

UK house price declined more than expected in April following the end of stamp duty holidays, data from the Nationwide Building Society showed Wednesday. House prices logged a monthly drop of 0.6 percent after remaining flat in March. The decline was worse than economists' forecast of 0.1 percent. On a yearly basis, house price growth eased to 3.4 percent from 3.9 percent in the previous month.
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China Manufacturing Activity Shrinks On Weak Exports

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China's manufacturing activity contracted in April as tariff threats damped export orders, official purchasing managers' survey data from the National Bureau of Statistics revealed Wednesday. The official manufacturing PMI slid to 49.0 in April from 50.5 in March. This was the lowest score in 16 months and also remained below forecast of 49.7.
RTTNews | 2h 14min ago
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