Autoliv Q4 Profit Rises, Tops Estimates

RTTNews | 1021天前
Autoliv Q4 Profit Rises, Tops Estimates

(RTTNews) - Swedish automotive safety supplier Autoliv, Inc. (ALV) reported Friday that net income for the fourth quarter increased to $156 million or $1.80 per share from $115 million or $1.31 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter was $1.83 per share, compared to $1.30 per share in the year-ago quarter.

On average, 11 analysts polled by Thomson Reuters expected the company to report earnings of $1.76 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales for the quarter grew 10 percent to $2.34 billion from $2.12 billion in the same quarter last year. Organic sales increased 18 percent. Analysts expected revenues of $2.44 billion for the quarter.

Looking ahead to fiscal 2023, the company expects organic sales growth of around 15 percent. The Street is looking for sales growth of 7.4 percent to $9.56 billion for the year.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
Euro Rises Against Majors

Euro Rises Against Majors

The euro strengthened against other major currencies in the pre-European session on Thursday.
RTTNews | 1小时4分钟前
Australian Dollar Rises After Upbeat Jobs Data

Australian Dollar Rises After Upbeat Jobs Data

The Australian dollar strengthened against other major currencies in the Asian session on Thursday, following the release of Australia's upbeat employment data in October.
RTTNews | 3小时58分钟前
European Markets Seen Gaining On Thursday

European Markets Seen Gaining On Thursday

Stock markets in Europe are expected to open higher on Thursday amidst positive sentiment generated by the conclusion of the longest federal closure in U.S. history.
RTTNews | 4小时36分钟前
Sensex, Nifty Climb Higher On Earnings, Positive Global Cues

Sensex, Nifty Climb Higher On Earnings, Positive Global Cues

After a positive start and a subsequent retreat, BSE benchmark Sensex and the National Stock Exchange's Nifty50 moved higher Thursday morning, with investors picking up stocks, reacting to some encouraging earnings announcements.
RTTNews | 4小时47分钟前
European Economic News Preview: UK GDP Data Due

European Economic News Preview: UK GDP Data Due

Quarterly national accounts from the UK and industrial production from the euro area are the major reports due on Thursday. At 2.00 am ET, the Office for National Statistics releases UK GDP, industrial production and foreign trade data. The economy is forecast to grow 0.2 percent sequentially, slower than the 0.3 percent expansion in the second quarter.
RTTNews | 5小时19分钟前
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian market is sharply extending its early losses in mid-market moves on Thursday, adding to the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,750 level, with weakness is financial, energy and technology stocks partially offset by gains in gold miner stocks.
RTTNews | 7小时4分钟前
Asian Markets Mixed Amid Cautious Trades

Asian Markets Mixed Amid Cautious Trades

Asian markets are mixed on Thursday, following the mixed cues from Wall Street overnight, as traders remain cautious ahead of the release of a barrage of US economic data after the US House of Representatives voted on a bill to end the longest government shutdown in U.S. history. The end to the impasse would enable the US Fed to gauge the economy precisely well ahead of its December meeting.
RTTNews | 7小时10分钟前