Autoliv Q3: Earnings Miss, Raised FY23 Organic Sales Growth Outlook & More
Portfolio Pulse from Shivani Kumaresan
Autoliv Inc reported Q3 FY23 sales growth of 13% YoY to $2.596 billion, missing the analyst consensus estimate of $2.64 billion. Adjusted operating income increased 40% to $243 million. The company raised its FY23 organic sales growth outlook from 15% to 17%. ALV shares are trading higher by 0.85% at $90.94 during the pre-market session on Friday.
October 20, 2023 | 11:25 am
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Autoliv's Q3 sales missed estimates but the company raised its FY23 organic sales growth outlook. Shares are trading higher.
Despite missing Q3 sales estimates, Autoliv's shares are trading higher due to the company raising its FY23 organic sales growth outlook. This indicates that investors are focusing more on the company's future growth prospects rather than the missed Q3 sales.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100