Atlas Copco jumps as soaring orders from semi industry drive Q2 beat
BUZZ-Atlas Copco jumps as soaring orders from semi industry drive Q2 beat ** Shares in Atlas Copco ATCOa.ST are up more than 5% after the Swedish industrial group posted better-than-expected Q2 results, owing to a sharp rise in orders from the semiconductor industry
** Its revenue came at 44.97 billion Swedish crowns ($4.68 billion) beating an average expectation of 43.88 billion, while its adjusted EBIT of 9.46 billion crowns came above the expected 9.25 billion
** "The demand for Atlas Copco Group's products, services and solutions improved significantly, particularly from the semiconductor industry", CEO Vagner Rego says
** The company's orders in the quarter soared 27% to 50.95 billion crowns
** Atlas Copco shares were down 3% ahead of the publication at 09:00 GMT
** The stock is up 20% YTD
($1 = 9.6120 Swedish crowns)
(Reporting by Boleslaw Lasocki)