© Reuters. FILE PHOTO: Volvo trucks are seen for sale in Linden, New Jersey, U.S., May 23, 2022. REUTERS/Andrew Kelly
(Reuters) – Swedish truck maker AB Volvo posted third-quarter core earnings slightly below market forecasts on Thursday and forecasted 300,000 in European heavy duty registrations in 2023.
The operating profit of the Gothenburg-based manufacturer rose to 11.87 billion Swedish crowns from 9.40 billion a year ago, missing the mean forecast of 11.96 billion seen by analysts polled by Refinitiv.