Reuters
Operating profit adjusted for items affecting comparability rose to 9.49 billion Swedish crowns ($925 million) from 7.04 billion a year earlier, beating the 8.94 billion expected by analysts polled by Refinitiv. J.P.Morgan said Wednesday's beat was "more than offset" by more cautious guidance, whilst Jefferies said it was surprised by the increased inventory build up. "The demand for the Atlas Copco Group's products and services remained strong, even though the order intake did not reach the very high level of the previous quarter," the company said in a statement.