Trending: Volvo AB Beats Forecasts as Higher Prices Absorb Lower Demand
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Dow Jones
0934 GMT - Volvo AB is among the most mentioned companies across news items over the past two hours, according to Factiva data. The Swedish truck maker beat forecasts in the first quarter on price increases from last year that helped offset fewer truck orders. Volvo reported a net profit of 14.08 billion Swedish kronor ($1.28 billion) compared with SEK12.91 billion in the first quarter of last year, despite stable sales. Analysts polled by FactSet had expected a net profit of SEK12.9 billion. Dow Jones & Co. owns Factiva. (david.sachs@wsj.com)
(END) Dow Jones Newswires
April 17, 2024 05:49 ET (09:49 GMT)
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