By Dominic Chopping STOCKHOLM Sweden's Volvo is scheduled to report results for the fourth quarter on Friday. Here is what you need to know: NET INCOME.
By Dominic Chopping STOCKHOLM Sweden's Volvo is scheduled to report results for the third quarter on Wednesday. Here is what to watch: NET INCOME FORECAST:.
By Dominic Chopping STOCKHOLM Sweden's Volvo is scheduled to report results for the second quarter on Wednesday. Here is what to watch: NET INCOME FORECAST:.
Shares rise 5% Chip shortage set to hit output in Q2
STOCKHOLM, April 22 (Reuters) - Swedish truckmaker AB Volvo
smashed forecasts for first-quarter core earnings on
Thursday on the back of surging demand, lifting its shares, but
cautioned a global chip shortage was set to hit production in
the near term.
Adjusted operating profit at the maker of trucks,
construction equipment, buses and engines rose to 11.82 billion
Swedish crowns ($1.41 billion) from 7.14 billion a year ago,
breezing past the 9.55 billion seen by analysts, according to
Refinitiv data. Very solid Volvo numbers. A beat on guidance, orders and
earnings, said Kepler Cheuvreux analyst Mats Liss, predicting