Autoliv Surges Despite Mixed Q3 Results: Chinese Market Mix Drags Performance

Autoliv, Inc. (NYSE:ALV) shares are trading higher on Friday.

The company reported third-quarter adjusted earnings per share of $1.84, missing the analyst consensus of $1.95. Quarterly revenues of $2.56 billion topped the street view of $2.53 billion.

In the third quarter, sales fell by 0.8% organically. The firm performed well in Europe and Asia (excluding China) due to numerous product launches and favorable pricing.

Sales to domestic Chinese OEMs increased by 18%, outpacing their LVP growth of 8.5%.

However, the firm struggled in China because of a negative mix, with sales ...