Autoliv Q2 Adj. EPS Misses Consensus - Quick Facts

(RTTNews) - Autoliv Inc. (ALV), a supplier of automotive safety systems, said its second-quarter net income fell by 40.3% year-over-year to $83.2 million, from $139.4 million. On a per share basis, three-month earnings stood at $0.89, down 38.2%, compared with $1.44 last year, with adjusted earnings per share for the latest period amounting to $1.45. On average, 10 analysts polled by Thomson Reuters expected earnings per share of $1.55 for the quarter. Analysts' estimates typically exclude one-time items.

However, quarterly net sales of $2.38 billion, were 8.4% higher than the year-ago quarter's $2.2 billion, whereas 10 analysts estimated revenues of $2.34 billion.

Looking ahead to third quarter 2014, the company expects organic sales to increase by nearly 6%, and an adjusted operating margin of some 8.5%. The indication for the full year is currently for organic sales growth of over 6%, and an adjusted operating margin of around 9%.