Autoliv Q3 Adj EPS $1.66 Misses $1.84 Estimate, Sales $2.60B Miss $2.64B Estimate
Portfolio Pulse from Benzinga Newsdesk
Autoliv (NYSE:ALV) reported Q3 adjusted earnings of $1.66 per share, missing the analyst consensus estimate of $1.84 by 9.78%. The company also reported quarterly sales of $2.60 billion, missing the analyst consensus estimate of $2.64 billion by 1.67%. However, both earnings and sales have increased compared to the same period last year.
October 20, 2023 | 10:04 am
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NEGATIVE IMPACT
Autoliv's Q3 earnings and sales missed analyst estimates, which could negatively impact the stock price in the short term. However, the YoY growth in both earnings and sales might mitigate this impact.
Autoliv's Q3 earnings and sales missed analyst estimates, which is typically a negative signal for investors and could lead to a decrease in the stock price. However, the YoY growth in both earnings and sales indicates that the company's overall performance is improving, which might offset the negative impact of missing estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100