Volkswagen lowers sales outlook as third-quarter earnings beat expectations

📆 2019/10/30 13:58:00
📰 CNBC

⏱ Reading Time:
27 sec. here
2 min. at publisher
📊 Quality Score:
News: 14%
Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The world's biggest automaker posted operating profit of 4.5 billion euros ($5 billion) for the third quarter of 2019.

Analysts polled by Reuters had expected third-quarter operating profit to come in at 4.4 billion euros.

14 May 2019, Berlin: At Volkswagen's Annual General Meeting, a VW employee is plugging a charging cable into a VW Passat with plug-in hybrid technology.reported stronger-than-anticipated third-quarter earnings on Wednesday, but lowered its outlook for 2019 vehicle deliveries citing a "challenging market environment."

"Despite the gain in market share, the Volkswagen Group anticipates that vehicle markets will contract faster than previously anticipated in many regions of the world."

Write Comment

Wow

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

South Africa South Africa Latest News, South Africa South Africa Headlines

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

LIVE: Here come Alphabet's earningsGoogle's parent company is reporting its third-quarter results on Monday. Wall Street is expecting strong sales but declining earnings.
Source: BusinessInsider - 🏆 729. / 51 Read more »

GM's third-quarter earnings beat estimates despite $1 billion strike costAnalysts will be interested in finding out additional details about how a 40-day strike by the United Auto Workers impacted the company's third and fourth quarters and whether or not it was enough for GM to change its outlook for the year. I have a 19 year old Vauxhall Corsa made by GM if that helps
Source: CNBC - 🏆 12. / 72 Read more »