Autoliv Inc (ALV) revealed a profit for its first quarter that increased from last year and beat the Street estimates.
The company's earnings totaled $167 million, or $2.14 per share. This compares with $127 million, or $1.52 per share, last year.
Excluding items, Autoliv Inc reported adjusted earnings of $2.15 per share for the period.
Analysts on average had expected the company to earn $1.67 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 1.4% to $2.578 billion from $2.615 billion last year.
Autoliv Inc earnings at a glance (GAAP) :
-Earnings: $167 Mln. vs. $127 Mln. last year.
-EPS: $2.14 vs. $1.52 last year.
-Revenue: $2.578 Bln vs. $2.615 Bln last year.
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