: Autoliv stock falls after profit matches expectations but cash flow turns negative


Shares of Autoliv Inc. ALV dropped 4.0% in premarket trading Friday, after the automotive safety systems company reported revenue that beat expectations but profit that matched, and cash flow that turned negative. Net income fell to $74 million, or 86 cents a share, from $83 million, or 94 cents a share, in the year-ago period. Adjusted earnings per share, which excludes nonrecurring items, came in at 90 cents, the same as the FactSet consensus. Sales grew 17.4% to $2.49 billion, above the FactSet consensus $2.32 billion. Operating cash flow swung to negative $46 million from $70 million, due mainly to negative working…

This article was originally published by Marketwatch.com. Read the original article here.

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