Autoliv, Inc. (NYSE:ALV) reported its third quarter earnings results on Friday 23rd October 2020 before market open.
Key Numbers from third quarter earnings result
Quarterly income of $ 1.12 per share, from the revenue of $ 2,037.00 million
On adjusted basis, reported income of $ 1.48 per share
Analysts Estimated revenue of $ 1912.98 million and $ 1.02 income per share
Earnings beat analysts estimates by $ 0.46 or 45.10 percent
Revenues outshined wall street view by $ 124.02 million or 6.48 percent
Earnings gained 14.29 percent compared with the same quarter last year
Revenues increased 0.44 percent versus third quarter of last year.
Mikael Bratt, President & CEO, said, The worst demand decline on record in the second quarter was followed by a faster than expected recovery in the third quarter, with its challenges of managing the supply chain in a safe and efficient way. The quarter started weak and volatile but gradually grew stronger and more stable and we managed to record higher sales, higher profits and higher cash flow compared to the third quarter 2019.
