Autoliv Q3 2024 Adj EPS $1.84 Misses $1.95 Estimate, Sales $2.56B Beat $2.53B Estimate
Portfolio Pulse from Benzinga Newsdesk
Autoliv reported Q3 2024 earnings with an adjusted EPS of $1.84, missing the $1.95 estimate, but sales of $2.56B beat the $2.53B estimate. Sales decreased by 1.58% compared to the same period last year.
October 18, 2024 | 10:01 am
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NEGATIVE IMPACT
Autoliv's Q3 2024 earnings per share missed estimates, but sales exceeded expectations. Sales decreased compared to last year.
The miss on EPS suggests potential concerns about profitability, which could negatively impact the stock price. However, the beat on sales indicates strong revenue performance, partially offsetting the negative sentiment. The decrease in sales compared to last year may also weigh on investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100