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Volvo cuts outlook as earnings fall unexpectedly

Source: The Irish Times
Frankfurt : Germany | 2 months ago
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Pretax earnings fell to 2.90 billion Swedish crowns (€296 million) from 4.57 billion a year earlier to come in short of the mean forecast of 4.64 billion seen in a Reuters poll of analysts as well as the lowest estimate of 3.70 billion. Volvo's order bookings of its trucks fell 55 per cent in the quarter...
Tags: recession, Daimler AG, North American, Shares of Volvo AB, Europe, PSA Peugeot Citroen SA, billion euro, Peugeot Citroën, quarter profitability, 3q profitability
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