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Autoliv Q2 profit falls YOY

Autoliv Inc. said its second-quarter normalized net income was $1.35 per share, compared with the S&P Capital IQ consensus estimate of $1.49 per share.

EPS declined 6.4% year over year from $1.44.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $118.9 million, a decline of 6.7% from $127.4 million in the year-earlier period.

The normalized profit margin declined to 4.7% from 4.9% in the year-earlier period.

Total revenue fell on an annual basis to $2.54 billion from $2.58 billion, and total operating expenses fell on an annual basis to $2.33 billion from $2.36 billion.

Reported net income decreased 12.8% year over year to $129.5 million, or $1.47 per share, from $148.5 million, or $1.68 per share.