Volvo Car Posts Q3 Miss as China and U.S. Weakness Weigh
Jefferies analysts say revenue missed consensus by 10% and EBIT missed by SEK 3.6 billion, excluding a SEK 1.1 billion U.S. emissions credit revaluation.
Volvo Car posted a large third-quarter miss on weakness in China and the U.S., Jefferies analysts write. Revenue missed consensus by 10% while EBIT missed by 3.6 billion Swedish kronor even when the 1.1 billion kronor U.S. emissions credit revaluation is excluded, the bank says. A 19% drop in whole…