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Autoliv Q3 profit falls YOY

Autoliv Inc. said its third-quarter normalized net income was $1.24 per share, compared with the S&P Capital IQ consensus estimate of $1.34 per share.

EPS fell 8.8% year over year from $1.36.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $107.8 million, a decrease of 10.2% from $120.0 million in the prior-year period.

The normalized profit margin fell to 4.3% from 4.9% in the year-earlier period.

Total revenue grew on an annual basis to $2.50 billion from $2.46 billion, and total operating expenses rose from the prior-year period to $2.31 billion from $2.27 billion.

Reported net income decreased 34.3% year over year to $90.7 million, or $1.04 per share, from $138.1 million, or $1.56 per share.