Autoliv Inc is a global leader in automotive safety systems, specializing in the development and manufacturing of a wide range of products designed to enhance vehicle safety and protect passengers in the event of an accident
The company's offerings include airbags, seatbelts, steering wheels, and advanced safety electronics, which are integrated into vehicles to prevent injuries and fatalities. With a commitment to innovation and sustainability, Autoliv collaborates with automotive manufacturers and industry partners to create cutting-edge safety solutions that address the evolving needs of the automotive market. The company's expertise and focus on research and development play a crucial role in advancing vehicle safety technologies for a safer driving experience.
Autoliv shares are down in premarket trading despite announcing a dividend increase, extended share repurchase program, and plans to retire treasury shares, amid a recently revised sales growth forecast for 2024.
Autoliv shares rose despite missing Q3 EPS expectations due to weak global light vehicle production, while the company adjusts its 2024 sales growth forecast to 1%.
The market is now more realistic about growth expectations for electric vehicle sales, and these two companies are an excellent value for their growth prospects.
Autoliv shares fell as the company reported disappointing Q2 FY24 earnings and lowered its outlook. Sales declined 1.1% year-on-year to $2.605 billion, missing estimates of $2.74 billion. Adjusted EPS of $1.87 also fell short of the expected $2.23.
