Previous close | 25.92 |
Open | 25.60 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 25.60 - 25.68 |
52-week range | 18.27 - 30.14 |
Volume | |
Avg. volume | 44,282 |
Market cap | 54.101B |
Beta (5Y monthly) | 1.07 |
PE ratio (TTM) | 11.21 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 1.69 (6.50%) |
Ex-dividend date | 04 Apr 2024 |
1y target est | N/A |
(Bloomberg) -- Shares of truckmaker Volvo AB dropped as much as 5.9% in Stockholm on Friday on news that China’s Zhejiang Geely Holding Group had sold the entirety of its Class B shares, worth about 14.1 billion Swedish kronor ($1.3 billion).Most Read from BloombergElon Wants His Money BackDubai Grinds to Standstill as Flooding Hits CityIsrael Reported to Have Launched Retaliatory Strike on IranRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingOil Erases Advance After Iranian Medi
Truck maker Volvo reported a smaller drop in first-quarter profit than expected on Wednesday as demand returns to more normal levels in many markets following a strong 2023. With the sector bracing for a tougher 2024, Volvo in January forecast fewer trucks would be registered this year, with a particular downturn in Europe. Handelsbank analyst Hampus Engellau said that while Volvo's underlying operational performance was better than expected, the first quarter results were "very plain vanilla".
STOCKHOLM (Reuters) -Truck maker Volvo reported a smaller drop in first-quarter profit than expected on Wednesday as demand returns to more normal levels in many markets following a strong 2023. With the sector bracing for a tougher 2024, Volvo in January forecast fewer trucks would be registered this year, with a particular downturn in Europe. Handelsbank analyst Hampus Engellau said that while Volvo's underlying operational performance was better than expected, the first quarter results were "very plain vanilla".