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via seekingalpha.comBusiness & Companies

Volvo Cars swings to Q3 loss as revenue falls 22.6% Y/Y

FROM THE WIRE · SEEKINGALPHA.COM

[Volvo EC40] MarioGuti/iStock Unreleased via Getty Images * Volvo Car AB (publ.) press release…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe swing to a loss and sharp revenue decline weigh on a major automaker's shares.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Q3 revenue was SEK 66.896 billion, down 22.6% year on year.
  2. 02Net loss was SEK 5.730 billion, versus net income of SEK 4.511 billion a year earlier.
  3. 03Adjusted operating loss was SEK 4.492 billion, versus adjusted operating income of SEK 5.940 billion.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Volvo Car AB (publ.)VLVCYStock2.81 USDMarket closedtoday 0.00%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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