(Reuters) - Volvo said pretax profit fell to 5.97 billion crowns from 6.46 billion a year ago. That compared with a mean forecast of 6.62 billion in a Reuters poll of 14 analysts.
"I think the market was underestimating the integration costs and the production difficulties they have had, as well as the weak demand in the U.S. market," Danske Equities analyst Henrik Breum said.
Read more at Reuters.com Hot Stocks News
"I think the market was underestimating the integration costs and the production difficulties they have had, as well as the weak demand in the U.S. market," Danske Equities analyst Henrik Breum said.
Read more at Reuters.com Hot Stocks News
No comments:
Post a Comment