Saab Q1 operating profit beats forecast

Credit: REUTERS/CHRISTOPHER PIKE

STOCKHOLM, April 23 (Reuters) - Swedish defence company Saab SAABb.ST posted first-quarter operating earnings above market expectations on Friday and reiterated its outlook for 2021.

Saab's operating profit rose to 597 million Swedish crowns ($70.89 million) from 560 million a year ago, compared to a mean forecast based on three analyst estimates of 430 million, according to Refinitiv data.

($1 = 8.4213 Swedish crowns)

(Reporting by Helena Soderpalm; editing by Niklas Pollard)

((helena.soderpalm@thomsonreuters.com; +46 8 700 10 15; Reuters Messaging: helena.soderpalm.reuters.com@reuters.net))

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

Tags

More Related Articles

Info icon

This data feed is not available at this time.

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