Autoliv Reports Solid 3Q but Disappoints With Guidance Update; $100 FVE Unchanged
Narrow-moat-rated Autoliv, a leading supplier of safety components and advanced driver-assist systems to the global automotive industry, reported third-quarter adjusted earnings per share before special items of $1.47, handily beating the consensus EPS estimate of $1.35 by $0.12 but $0.15 below the year-ago EPS result of $1.62 on higher costs for development in autonomous driving technologies. Management also nudged revenue guidance slightly lower for weakness in North American production but ma...
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