Volvo Q3 loss smaller than forecast

Reuters
Posted: Friday, Oct 23, 2009 at 1253 hrs IST
Updated: Friday, Oct 23, 2009 at 1253 hrs IST

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Stockholm: World number two truck maker Volvo posted a smaller-than-expected third-quarter operating loss on Friday and stood by its forecast of sharp declines in its main markets this year.

The company skidded to a quarterly operating loss of 3.3 billion Swedish crowns from a year-ago profit of 3.2 billion to come in better than a mean forecast for a loss of 4.0 billion seen in a Reuters poll of 17 analysts.

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Volvo Q3 loss smaller than forecast

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