Sandvik AB Profit Falls In Q3

Sandvik AB (SDVKF.PK) released a profit for third quarter that decreased from last year

The company's bottom line came in at SEK3.239 billion, or SEK2.58 per share. This compares with SEK3.900 billion, or SEK3.10 per share, in last year's third quarter.

Excluding items, Sandvik AB reported adjusted earnings of SEK3.688 billion or SEK2.94 per share for the period.

The company's revenue for the quarter fell 3.7% to SEK30.306 billion from SEK31.476 billion last year.

Sandvik AB earnings at a glance (GAAP) :

-Earnings (Q3): SEK3.239 Bln. vs. SEK3.900 Bln. last year.
-EPS (Q3): SEK2.58 vs. SEK3.10 last year.
-Revenue (Q3): SEK30.306 Bln vs. SEK31.476 Bln last year.

by RTTNews Staff Writer

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