Volvo 3Q Earnings Beat Expectations, Truck Markets Seen Lower Next Year

STOCKHOLM--Volvo posted forecast-beating third-quarter earnings but said demand is beginning to normalize, with truck markets seen weakening next year.

Supply disturbances affected productivity and costs in the quarter, but had limited effect on deliveries, it said. "We have successfully mitigated cost inflation with price management and continued to handle disturbances in the supply chain," Chief Executive Martin Lundstedt said.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Prologis earnings fall but beat expectations, while occupancy declinesTomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter TomiKilgore.
Source: MarketWatch - 🏆 3. / 97 Read more »

Goldman Sachs beats Wall Street's lowered earnings expectationsGoldman Sachs profit falls sharply in latest quarter but still tops analyst estimates
Source: MarketWatch - 🏆 3. / 97 Read more »

Netflix earnings preview: Revenue growth expectations get ‘dialed back’ by some analystsNetflix reportedly plans to increase streaming fees again in the coming months
Source: MarketWatch - 🏆 3. / 97 Read more »

Bank of America earnings beat Street forecasts, but bond losses jump amid Treasury routBig gains in net interest income powered solid third quarter earnings for Bank of America, but investors are likely to focus on unrealized losses in its bond portfolio and Treasury yields continue to rise.
Source: startelegram - 🏆 248. / 63 Read more »