Volvo Q3 EPS $0.47 Down From $0.64 YoY, Sales $11.22B Down From $12.25B YoY
Portfolio Pulse from Benzinga Newsdesk
Volvo reported a significant decrease in its Q3 earnings and sales compared to the same period last year. The earnings per share dropped by 26.18% to $0.47, and sales decreased by 8.38% to $11.22 billion.
October 18, 2024 | 5:41 am
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Volvo's Q3 earnings per share decreased by 26.18% to $0.47, and sales fell by 8.38% to $11.22 billion compared to the previous year.
The significant decrease in both earnings per share and sales indicates potential challenges for Volvo, which could negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100