Autoliv Inc. (ALV) reported that its fourth-quarter net earnings were $63.5 million, compared to a loss of $37.7 million in the same quarter last year. Net income attributable to controlling interest was $61.3 million, compared to a loss of $38.4 million last year. On a per share basis, net income was $0.68, compared to a loss of $0.55 in the year ago quarter.
On a non-GAAP basis, net earnings were $127.4 million, compared to a loss of $11.5 million in last year. On a per share basis, net income was $1.39 compared to a loss of $0.17 in the prior year quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.80 per share. Analysts' estimates typically exclude special items.
Total net sales for the quarter were $1.67 billion, compared to $1.19 billion in the prior year quarter. Eight analysts had consensus revenue estimate of $1.59 billion for the quarter.
For 2010, consolidated net sales are expected to grow by more than 70% for the first quarter and by 15-20% for the full year. An operating margin of approximately 8.5% is expected for the first quarter and a full-year operating margin in line with Autoliv's long-term target range of 8-9%. Twelve analysts have consensus revenue estimate of $5.81 billion for fiscal 2010.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.