Autoliv Inc. (ALV: Quote) posted first quarter net income attributable to controlling interest of $100.5 million or $1.07 per share versus $181.5 million or $1.93 per share a year ago.
On average, 8 analysts polled by Thomson Reuters expected the company to report earnings of $1.60 per share. Analysts' estimates typically exclude special items.
Sales were $2.18 billion, up from $2.11 billion last year. Organic sales grew at a rate of 5%, as expected. Analysts estimated revenues of $2.17 billion.
The guidance for the second quarter is an increase in consolidated sales of around 3% and approximately 7% for organic sales.
The indication for the full year 2012 is that organic sales are expected to grow by about 7% and consolidated sales by 4%.
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by RTT Staff Writer
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