Autoliv Analysts Slash Their Forecasts Following Q4 Results

Autoliv, Inc. (NYSE:ALV) posted upbeat fourth-quarter earnings on Friday.The company reported fourth-quarter adjusted earnings per share of $3.19, beating the analyst consensus estimate of $2.90. Quarterly sales of $2.817 billion outpaced the Street view of $2.772 billion."We reached new record high sales for a quarter and a full year, driven mainly by strong growth in India and with Chinese OEMs," said CEO Mikael Bratt. "Sales to COEMs grew by almost 40% in the quarter and by 23% for the full year. Our org ...