Autoliv Inc. said its normalized net income for the first quarter was $1.40 per share, compared with the S&P Capital IQ consensus estimate of $1.56 per share.
EPS fell year over year from $1.44.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $124.1 million, a decrease from $126.9 million in the year-earlier period.
The normalized profit margin dropped to 4.8% from 5.2% in the year-earlier period.
Total revenue increased 7.3% year over year to $2.61 billion from $2.43 billion, and total operating expenses grew 8.0% from the prior-year period to $2.39 billion from $2.21 billion.
Reported net income grew 7.5% year over year to $143.4 million, or $1.62 per share, from $133.3 million, or $1.51 per share.
