Autoliv (ALV) Q2 Earnings Miss Expectations, Guidance Revised

Autoliv Inc. (ALV) reported second-quarter 2024 adjusted earnings of $1.87 per share, which missed the Zacks Consensus Estimate of $2.44 and fell 3% year over year. The company reported net sales of $2.61 billion in the quarter, which missed the Zacks Consensus Estimate of $2.77 million and fell 1.1% year over year.Organic sales rose 0.7% year over year but missed our estimate of 5.6% due to lower light vehicle production in the Americas and China. Autoliv reported adjusted operating income of $221 million, ...