Autoliv (ALV) Misses Q3 EPS by 16c
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Revenue Growth %: +4.8%
Financial Fact:
Selling, general & administrative expenses: -116.5M
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Autoliv (NYSE: ALV) reported Q3 EPS of $1.25, $0.16 worse than the analyst estimate of $1.41. Revenue for the quarter came in at $2.21 billion versus the consensus estimate of $2.26 billion.
The expectation at the beginning of the quarter was for an organic sales growth of “around 6%” and an adjusted operating margin of “around 8.5%”. The lower than expected organic sales growth was primarily due to unfavorable vehicle mix in China, but also due to lower overall production in the Chinese market. We had record operating cash flow for a third quarter of $212 million.
For the fourth quarter of 2014 we expect organic sales to increase by around 2%, and an adjusted operating margin of around 9.5%. The expectation for the full year is now for organic sales growth of around 5.5%, and an adjusted operating margin of around 9%.
For earnings history and earnings-related data on Autoliv (ALV) click here.
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