Autoliv stock moves higher on stronger-than-expected profit

Autoliv Inc.
ALV,
+7.68%
stock is up nearly 6% in premarket trades after the auto air bag and safety products maker’s profit topped estimates. The company’s second-quarter adjusted profit of $1.93 a share beat the analyst estimate of $1.41 a share, according to estimates compiled by FactSet. Autoliv’s second-quarter sales increased to $2.63 billion from $2.08 billion and outpaced the analyst forecast of $2.55 billion. Autoliv cited benefits from price increases, organic growth and cost reduction activities.