Autoliv Q2 Earnings Surge, But Net Sales Down - Quick Facts

(RTTNews) - Autoliv Inc. (ALV), a provider of automotive safety systems, Friday reported that net income for the second quarter surged more than 60 percent to $136.8 million, and earnings per share grew over 74 percent to $1.55 from $0.89 last year.

Adjusted earnings per share increased 11.7 percent to $1.62. On average, 13 analysts polled by Thomson Reuters expected the company to report earnings per share of $1.54 for the quarter. Analysts' estimates typically exclude special items.

Net sales were down nearly 4 percent to $2.292 billion. Analysts expected revenues of $2.28 billion for the quarter. Quarterly organic sales grew 6.1 percent.

The company said its expectations for the full year remains for organic sales growth of more than 6 percent.