The U.S.-listed shares of Autoliv Inc. ALV, +0.17% fell 0.6% in premarket trading Friday, after the Sweden-based auto safety systems maker reported third-quarter adjusted profit that was half of last year's and missed expectations, as shortages of semiconductor supplies and other components led to a 20% drop in light vehicle production . Net income fell to $60 million, or 68 cents a share, from $99 million, or $1.12 a share, in the year-ago period.
48, to miss the FactSet consensus of 81 cents. Sales declined 9.3% to $1.85 billion, just below the FactSet consensus of $1.87 billion. For 2021, the company expects sales growth of"around 11%," while the current FactSet consensus of $8.41 billion implies 13% growth.
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