shares of autoliv inc alv rallied 34 in premarket trading friday after the swedenbased maker of automotive safety systems beat fourthquarter profit expectations but came up shy on revenue as price increases compensated for raw material cost inflation operating income rose to 230 million or 180 a share from 174 million or 131 a share in the yearago period excluding nonrecurring items adjusted earnings per share of 183 topped the factset consensus of 173 sales grew 102 to 234 billion below the factset consensus of 241 billion operating margin improved to 98 from 82 for 2023 the company expects organic sales growth of 15 “we believe price adjustments will offset the nonraw material cost inflation with small positive effects in the first quarter and gradually larger positive effects as the year progresses” the company said in a statement the stock has gained 61 over the past three months while the sp 500 spx has advanced 67