Autoliv, Inc. (NYSE:ALV) shares are trading higher on Friday after the firm reported first-quarter results that topped expectations, supported by solid sales growth and resilient demand across key markets.
The company highlighted continued momentum in Asia and improving underlying profitability despite some margin pressure.
Quarterly Details
The company reported first-quarter adjusted earnings per share of $2.05, beating the analyst consensus estimate of $1.89. Quarterly sales of $2.753 billion (+6.8% year over year) beat the Street view of $2.605 billion.
Adjusted operating income in the quarter under review slumped 3.9% year over year to $245 million. Adjusted operating margin contracted to 8.9% from 9.9% a year ago.
“Underlying profitability improved, with gross profit increasing by 10%, although …
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