UPDATE 1-Autoliv Q2 pretax falls, cuts margin outlook

Newswire

(Adds background, detail) STOCKHOLM, July 26 (Reuters) - Autoliv posted second-quarter pretax profits just shy of market expectations on Thursday and cut its forecast for operating margin for the year because of increased legal reserves. Pretax earnings for the world's biggest maker of air bags and seat belts came in at $88.8 million versus $132.4 million in the year-ago quarter and an average forecast of $91 million in a Reuters poll of 10 analysts. Excluding a legal reserve of $30 ...

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