Stock Groups

Truck maker AB Volvo core profit beats forecast -Breaking

by Mike Robinson

[ad_1]

© Reuters. At the IAA Truck Show in Hanover on September 22nd 2016, Volvo’s logo was displayed. REUTERS/Fabian Bimmer

STOCKHOLM (Reuters] AB Volvo, a Swedish truckmaker, reported core earnings for the third quarter that were higher than market expectations and stated strong demand across most of its markets.

From 7.22 billion in a previous year, the adjusted operating profit for the maker of construction equipment and trucks rose to 9.40 trillion Swedish crowns ($1.09billion), beating analysts’ estimate of 8.87 billion.

($1 = 8.5917 Swedish Crowns

Disclaimer Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media does not accept any liability for trade losses that you may incur due to the use of these data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.



[ad_2]