Shares of Autoliv ALV fell 1% in pre-market trading after the company reported Q2 results.
Earnings per share fell 201.45% year over year to ($1.40), which missed the estimate of ($0.85).
Revenue of $1,048,000,000 decreased by 51.37% year over year, which missed the estimate of $1,060,000,000.
Earnings guidance hasn't been issued by the company for now.
Revenue guidance hasn't been issued by the company for now.
Conference Call Details
Date: Jul 17, 2020
Time: 08:00 AM
ET Webcast URL: https://www.autoliv.com/investors
52-week high: $87.01
52-week low: $38.16
Price action over last quarter: Up 5.96%
Autoliv is the global leader in passive safety components and systems for the auto industry. Products include seat belts, frontal air bags, side-impact air bags, air bag inflators, and steering wheels. The Renault-Nissan-Mitsubishi alliance is the company's largest customer at 16% of 2019 revenue, with Volkswagen and Honda accounting for 10% each. At 36% of 2019 revenue, the Americas was Autoliv's geographic region, followed by Europe at 31%. China and Japan each accounted for 11% of 2019 revenue.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.