Autoliv Inc. said its normalized net income for the third quarter amounted to $1.36 per share, compared with the S&P Capital IQ consensus estimate of $1.45 per share.

EPS climbed 28.3% year over year from $1.06.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $120.3 million, a gain of 23.2% from $97.6 million in the year-earlier period.

The normalized profit margin climbed to 5.5% from 4.4% in the year-earlier period.

Total revenue decreased on an annual basis to $2.18 billion from $2.21 billion, and total operating expenses declined year over year to $1.99 billion from $2.03 billion.

Reported net income decreased 7.2% from the prior-year period to $98.9 million, or $1.12 per share, from $106.6 million, or $1.16 per share.