Nokian Tyres Q3 operating profit misses expectations

Nokian Renkaat Oyj

31/10/2023 12:05

HELSINKI, Oct 31 (Reuters) - Finland's Nokian Tyres
 TYRES.HE  on Tuesday posted an operating profit for the third
quarter below analysts' expectations, citing demanding car and
tyre markets.
    The Finnish tyre maker said operating profit fell to 8.3
million euros ($8.9 million) from 40.7 million in the year-ago
quarter, missing the average of 26.6 million expected by 10
analysts in a poll provided by the company.    
    The tyre maker last week reported preliminary segment
figures for the quarter and lowered its full-year outlook due to
weaker demand, sending its shares down.  
         


($1 = 0.9384 euros)

 (Reporting by Anne Kauranen, editing by Anna Ringstrom)
 ((anne.kauranen@thomsonreuters.com; +358401895560;))