Autoliv Q4 Adj. EPS $3.74 Beats $3.23 Estimate, Sales $2.75B Beat $2.75B Estimate
Portfolio Pulse from Benzinga Newsdesk
Autoliv (NYSE:ALV) reported Q4 adjusted EPS of $3.74, surpassing the $3.23 estimate by 15.79%, and a 104.37% increase from $1.83 per share a year ago. Sales reached $2.75B, slightly above the $2.75B estimate, marking a 17.82% increase from $2.33B in the same quarter last year.
January 26, 2024 | 11:06 am
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Autoliv reported strong Q4 earnings with an EPS of $3.74, beating estimates by 15.79%, and a significant sales increase of 17.82% from the previous year.
Autoliv's substantial earnings beat and sales growth are strong indicators of the company's financial health and operational efficiency. The positive earnings report is likely to instill investor confidence and could lead to a short-term uptick in the stock price, as earnings beats are often followed by positive market reactions.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100