Previous Close | 19.86 |
Open | 19.80 |
Bid | 20.14 x 500000 |
Ask | 20.25 x 500000 |
Day's Range | 19.80 - 20.14 |
52 Week Range | 13.51 - 21.05 |
Volume | |
Avg. Volume | 17 |
Market Cap | N/A |
Beta (5Y Monthly) | N/A |
PE Ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | N/A |
Sweden's SKF, the world's biggest maker of industrial bearings, reported adjusted first-quarter earnings that topped market expectations in the face of slowing demand and said it expected softer like-for-like sales in the second quarter. SKF reported adjusted operating earnings of 3.30 billion Swedish crowns ($303 million) in the quarter compared to 3.48 billion a year ago and above a mean forecast of 3.11 billion, according to a LSEG compilation of analyst estimates. The Gothenburg-based company, whose bearings are found in products such as cars, tools and wind turbines, forecast a mid-single-digit like-for-like sales decline in the second quarter after sales fell 7% organically in the first quarter.
STOCKHOLM (Reuters) -Sweden's SKF, the world's biggest maker of industrial bearings, reported adjusted fourth-quarter earnings that beat market expectations on Wednesday, shrugging off a slowdown in like-for-like sales to send its shares up 7%. "In 2024, we expect to see continued market volatility and geopolitical uncertainty and the business is prepared to tackle different scenarios."
STOCKHOLM (Reuters) -Sweden's SKF cut its outlook for like-for-like annual sales on Friday after the world's biggest maker of industrial bearings narrowly missed third-quarter core earnings expectations. The manufacturer, seen as a gauge of global industrial demand, forecast a fall in fourth-quarter like-for-like sales as a slowing economy weighs. SKF said adjusted operating earnings rose by 39% to 2.96 billion Swedish crowns ($266 million) in the third quarter from 2.13 billion a year earlier to come in just below analysts' mean forecast of 3.06 billion, LSEG estimates showed.