Skanska Posts Downbeat Q3 Profit

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Skanska AB
SKSBY
reported a weaker-than-expected third-quarter profit. Skanska's quarterly net profit dropped to SEK1.0 billion, from SEK1.31 billion, in the year-ago quarter. Its operating profit fell to SEK1.42 billion from SEK1.65 billion, against analysts' estimates of SEK1.53 billion. Skanska's revenue rose to SEK33.34 billion, from SEK32.05 billion. However, analysts were expecting a net profit of SEK1.11 billion on revenue of SEK33.23 billion.
Posted In: EarningsNewsprofit
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