Bearings maker SKF Q3 profit tops forecast

STOCKHOLM, Oct 27 (Reuters) - Sweden's SKF SKFb.ST, the world's biggest maker of industrial bearings, reported quarterly operating earnings far above analysts' forecasts on Tuesday and said demand had rebounded from the previous quarter.

Third-quarter operating earnings at the Gothenburg-based company fell to 1.92 billion Swedish crowns ($219.76 million) from 2.29 billion a year earlier, well ahead of the 1.52 billion mean analysts' forecast according to Refinitiv data.

($1 = 8.7369 Swedish crowns)

(Reporting by Johannes Hellstrom, editing by Anna Ringstrom)

((; +46850242388; Reuters Messaging:

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.