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Autoliv Shares Post Slight Gain

NEW YORK ( TheStreet) -- Shares of Autoliv (ALV - Get Report) ticked higher by 0.2% soon after the markets opened on Tuesday to $56.31, up 12 cents, on volume of about 8,300 shares.

Average daily volume is about 31,250 shares.

The Stockholm-based auto-parts maker has experienced a volatile 52-week trading period with a high of $83.86 and a low of $44.38; the stock is down 28.4% in 2011.

Autoliv, at the end of October, said third-quarter earnings fell 1%, but profit of $1.48 a share topped analysts' estimates.

The company said it expects revenue to rise more than 9% in the the fourth quarter with profit margins of as much as 11.5%.

The Justice Department and European Commission are conducting an antitrust investigation into auto parts companies, including Autoliv.

-- Written by Joe Deaux in New York.

>To contact the writer, click here: Joe Deaux.

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Copyright 2011 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

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