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via finance.yahoo.comBusiness & Companies

Sandvik Q3 core profit up 53%, but orders ease as tungsten boost fades

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- Sandvik's third-quarter adjusted core profit jumped 53% to 8.48 billion crowns, but orders fell from the previous quarter and a tungsten-driven margin boost at its cutting-tools unit is set to fade. Still guessing which stocks will beat the market? Our AI…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralStrong profit growth, offset by lower orders versus the prior quarter and a fading tungsten margin boost.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Adjusted core profit rose 53% to SEK 8.48 billion.
  2. 02Orders fell to SEK 36.95 billion from SEK 37.80 billion in the second quarter.
  3. 03Revenue grew 29% to SEK 37.73 billion.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Sandvik AB (publ)SAND.STStock337.80 SEK+0.24%today -4.58%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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