Why Autoliv, Maxim Integrated Products, and Barnes & Noble Education Slumped Today

Wall Street suffered a mild drop on Friday, although losses were relatively small. Major benchmarks were generally down less than 0.2% as investors coasted into the weekend on a quiet note. Larger moves downward in the currency and energy markets caused some nervousness among market participants, but a relatively balanced slate of earnings reports from U.S. companies kept stocks from moving too far in one direction. Shares of some companies, however, suffered fairly large declines on Friday, and Autoliv (NYSE: ALV), Maxim Integrated Products (NASDAQ: MXIM), and Barnes & Noble Education (NYSE: BNED) were among the worst performers on the day. Below, we'll look more closely at these stocks to tell you why they did so poorly.

Shares of Autoliv dropped 8% after the Swedish maker of automotive safety systems reported tepid results for the second quarter of 2017. The company said that organic sales were up just 0.2%, falling below the company's guidance for 2% growth, and guidance for the third quarter also reflected sluggish vehicle production volumes in North America and China. CEO Jan Carlson was still pleased about the company's execution in the passive safety market, and Autoliv is excited about new strategic agreements with technology providers to move forward with self-driving technologies and active-safety electronics. Yet coming after a very strong performance in the first quarter, investors had hoped that Autoliv would do a better job of sustaining momentum.

Image source: Autoliv.

Source: Fool.com