U.S. stocks closed mixed on Friday, with the Nasdaq Composite gaining around 100 points. Autoliv, Inc. (ALV) led the charge, jumping over 5% after reporting strong third-quarter sales results. Other notable gainers included Oklo Inc. (OKLO), NANO Nuclear Energy Inc. (NNE), and Peloton Interactive, Inc. (PTON), driven by positive company news and upcoming earnings releases.
Autoliv, Inc. (ALV) shares rallied on Friday despite missing analysts’ earnings expectations for the third quarter. The company reported strong revenue growth, particularly in Europe and Asia, but faced challenges in China due to a shift towards lower-safety models. Despite this, Autoliv remains optimistic about its future in China and anticipates gaining market share. The company also revised its full-year organic sales growth outlook due to unfavorable market mix developments.
