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Truckmaker Volvo Q3 core profit beats forecast
October 20, 2017 / 5:38 AM / a month ago

Truckmaker Volvo Q3 core profit beats forecast

STOCKHOLM, Oct 20 (Reuters) - Swedish truckmaker AB Volvo reported a bigger than expected rise in third-quarter core earnings on Friday on the back of a broad upturn in demand and raised its market outlook for both Europe and North America.

Adjusted operating profit at the Gothenburg-based group rose to 7.02 billion Swedish crowns ($861 million) from a year-ago 4.85 billion to beat a mean forecast of 6.20 billion seen in a poll of analysts. ($1 = 8.1513 Swedish crowns) (Reporting by Niklas Pollard and Johannes Hellstrom)

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