SEDG - Nasdaq Down Over 1%; Autoliv Raises FY23 Sales Outlook | Benzinga
U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite falling over 150 points on Friday.
The Dow traded down 0.61% to 33,209.97 while the NASDAQ fell 1.24% to 13,022.16. The S&P 500 also fell, dropping, 0.96% to 4,236.78.
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Leading and Lagging Sectors
Real estate shares climbed by 0.2% on Friday.
In trading on Friday, energy shares fell by 1.4%.
Top Headline
Shares of Autoliv Inc (NYSE: ALV) gained more than 7% on Friday after the company increased its annual sales forecast.
Autoliv reported third-quarter FY23 sales growth of 13% year-on-year to $2.596 billion, missing the analyst consensus estimate of $2.64 billion. Adjusted EPS of $1.66 missed the analyst consensus estimate of $1.84.
Autoliv raised its FY23 organic sales growth outlook from 15% to 17%. It continues to see adjusted operating margin of around 8.5%-9%, and $900 million in operating cash flow.
Equities Trading UP
Knight-Swift Transportation Holdings Inc. (NYSE: KNX) shares shot up 10% to $50.62 after the company reported better-than-expected third-quarter financial results.
Shares of Lipella Pharmaceuticals Inc. (NASDAQ: LIPO) got a ...