SKF B earnings miss, Revenue beats in Q3

SKF B earnings miss, Revenue beats in Q3
Credit: © Reuters. - SKF B reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.

SKF B announced earnings per share of kr2.4 on revenue of kr25.0. Analysts polled by anticipated EPS of kr3.9 on revenue of kr23.52B.

SKF B shares are down 26% from the beginning of the year and are trading at kr157.8 , down-from-52-week-high.

SKF B follows other major Industrials sector earnings this month

SKF B's report follows an earnings beat by Atlas Copco B on Wednesday, October 19, 2022, who reported EPS of kr1.34 on revenue of kr38.07B, compared to forecasts EPS of kr1.18 on revenue of kr34.95B.

Volvo B had missed expectations on Thursday, October 20, 2022 with third quarter EPS of kr4.24 on revenue of kr114.9B, compared to forecast for EPS of kr4.46 on revenue of kr106.19B.

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