Autoliv rallies as profit beats expectations, as price hikes offset raw materials inflation

Shares of Autoliv Inc. ALV rallied 3.4% in premarket trading Friday, after the Sweden-based maker of automotive safety systems beat fourth-quarter profit expectations, but came up shy on revenue, as price increases compensated for raw material cost inflation. Operating income rose to $230 million, or $1.80 a share, from $174 million, or $1.31 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $1.83 topped the FactSet consensus of $1.73. Sales grew 10.

4% in premarket trading Friday, after the Sweden-based maker of automotive safety systems beat fourth-quarter profit expectations, but came up shy on revenue, as price increases compensated for raw material cost inflation. Operating income rose to $230 million, or $1.80 a share, from $174 million, or $1.31 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $1.83 topped the FactSet consensus of $1.73. Sales grew 10.2% to $2.

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