Vestas Q3 Earnings Fall 8% Below Expectations, Analyst Says
Jyske Bank analyst Janne Vincent Kjaer says Vestas' weak third-quarter result was partly due to lower-than-expected onshore activity and views the issue primarily as a timing matter. The source text is truncated after noting earnings were also hit by other factors.
Vestas reported a weak third-quarter result, with earnings 8% below expectations, partly due to a lower-than-expected level of activity in the onshore wind segment, Jyske Bank analyst Janne Vincent Kjaer writes. "We view this primarily as a timing issue." However, earnings have also been hit by cos…