Autoliv (NYSE:ALV) Third Quarter 2024 Results
Key Financial Results
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Revenue: US$2.56b (down 1.6% from 3Q 2023).
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Net income: US$138.0m (up 3.0% from 3Q 2023).
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Profit margin: 5.4% (up from 5.2% in 3Q 2023). The increase in margin was driven by lower expenses.
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EPS: US$1.74 (up from US$1.58 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Autoliv EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 12%.
Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Auto Components industry in the US.
Performance of the American Auto Components industry.
The company’s shares are up 4.5% from a week ago.
Risk Analysis
You still need to take note of risks, for example – Autoliv has 2 warning signs we think you should be aware of.
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