Investing.com - Volvo B reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Volvo B announced earnings per share of kr4.24 on revenue of kr114.90. Analysts polled by Investing.com anticipated EPS of kr4.46 on revenue of kr106.19B.
Volvo B shares are down 19% from the beginning of the year, still down 24.84% from its 52 week high of kr223.80 set on January 14.
Volvo B shares lost 4.41% in intra-day trade following the report.
Volvo B follows other major Industrials sector earnings this month
Volvo B's report follows an earnings beat by Atlas Copco A on Wednesday, who reported EPS of kr1.34 on revenue of kr38.07B, compared to forecasts EPS of kr1.18 on revenue of kr34.95B.
Atlas Copco B had beat expectations on Wednesday with third quarter EPS of kr1.34 on revenue of kr38.07B, compared to forecast for EPS of kr1.18 on revenue of kr34.95B.
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