Autoliv Beats But Profits Fall
Autoliv Inc. (NYSE:ALV) saw an 11% fall in profits to $158.5 million or $1.70 per share in the fourth quarter of 2011 from $177.5 million or $1.89 per share in the same quarter of 2010. The decline in profits was mainly attributable to increase in raw material costs and higher research, development & engineering (RD&E) [...]
Autoliv Inc. (NYSE:ALV) saw an 11% fall in profits to $158.5 million or $1.70 per share in the fourth quarter of 2011 from $177.5 million or $1.89 per share in the same quarter of 2010. The decline in profits was mainly attributable to increase in raw material costs and higher research, development & engineering (RD&E) expenses. However, the profit was higher than the Zacks Consensus Estimate of $1.67 per share.
Consolidated sales escalated 7% to $2.0 billion with a 7% increase in organic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards