Autoliv Misses Estimates and Cuts Outlook as Auto Sales Slow

Key TakeawaysAutoliv blamed a slump in car demand for a drop in second-quarter sales and lowered its guidance.The Swedish maker of automotive safety equipment missed quarterly profit and revenue estimates.Autoliv cut its full-year organic sales growth and adjusted operating margin forecasts. Shares of Autoliv (ALV) sank Friday as the world’s largest maker of seatbelts and airbags for cars and trucks posted worse-than-expected results and slashed its guidance because of a slowdown in auto sales. The Sweden-b ...