Autoliv shares are trading higher. While the company reported a Q3 miss, it raised its FY23 sales growth outlook to reflect that Light Vehicle Production developed better than expected.
Portfolio Pulse from Benzinga Newsdesk
Autoliv reported a Q3 miss but raised its FY23 sales growth outlook due to better than expected development in Light Vehicle Production. This has led to a rise in Autoliv's share prices.
October 20, 2023 | 2:16 pm
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Autoliv's shares are trading higher despite a Q3 miss, as the company raised its FY23 sales growth outlook due to better than expected Light Vehicle Production.
Autoliv's shares are trading higher due to the company's raised FY23 sales growth outlook, which is a result of better than expected development in Light Vehicle Production. This positive outlook outweighs the impact of the Q3 miss, leading to a rise in share prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100