Sandvik shares slide as Q3 core earnings disappoint

Epiroc AB

21/10/2024 11:19

** Shares in Sandvik  SAND.ST  fall 3% after the Swedish
metal cutting and mining equipment maker's Q3 results miss
market expectations
    ** Its adjusted EBIT for Q3 came at 5.38 billion Swedish
crowns ($511.05 million) missing a mean forecast of 5.68 billion
crowns by analysts polled by LSEG
    ** The group flagged a mixed demand picture in the third
quarter with order momentum solid in the mining and software
businesses and weak macro trends taking a toll on its cutting
tools unit
    ** Sandvik is among worst performers on STOXX 600 index
 .STOXX 
    

($1 = 10.5274 Swedish crowns)

 (Reporting by Elviira Luoma)
 ((Elviira.luoma@thomsonreuters.com))