Autoliv Q2 Adj $1.87 Misses $2.23 Estimate, Sales $2.60B Miss $2.74B Estimate
Portfolio Pulse from Benzinga Newsdesk
Autoliv (NYSE:ALV) reported Q2 earnings of $1.87 per share, missing the analyst estimate of $2.23. Sales were $2.60 billion, also below the $2.74 billion estimate. Both earnings and sales showed a decline compared to the same period last year.
July 19, 2024 | 10:02 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Autoliv's Q2 earnings and sales both missed analyst estimates, with earnings at $1.87 per share and sales at $2.60 billion. Both figures also showed a decline compared to the same period last year.
The significant miss on both earnings and sales estimates, combined with a year-over-year decline, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100