Truckmaker Volvo profit tops forecast
04 February, 2021
Swedish truckmaker AB Volvo reported fourth-quarter core earnings preceding analysts' expectations in Wednesday, raised its forecasts for a few of its main marketplaces and rolled away a hefty shareholder payout.
Swedish truckmaker AB Volvo reported fourth-quarter core earnings higher than analysts' expectations in Wednesday, raised its forecasts for a few of its main marketplaces and rolled away a hefty shareholder payout.
Adjusted operating profit at the maker of trucks, construction equipment, buses and motors rose to 10.93 billion Swedish crowns (US$1.30 billion) from 9.22 billion a calendar year earlier, well above the 8.77 billion viewed by analysts regarding to Refinitiv data.
Source: www.channelnewsasia.com
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