Autoliv Q4 earnings beat expectations

Newswire

STOCKHOLM, Jan 27 (Reuters) - Autoliv , the world's biggest airbag and seat belt maker, on Thursday posted a better-than-expected fourth quarter pre-tax profit of $138 million. Analysts had expected quarterly pre-tax earnings of $128 million, according to a Reuters poll. Sales rose to a record $1.7 billion against an expected $1.6 billion. Autoliv said it expected a first quarter operating margin to reach about 8 percent and said it expected to gain market share in 2005.

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