STOCKHOLM : AB Volvo reported on Friday lower fourth-quarter core earnings compared with a year ago, partially due to higher material costs and supply chain snarls, though the Swedish truck maker posted core profit and revenue above market estimates.
Adjusted operating profit at the maker of trucks, construction equipment, buses and engines fell to 10.06 billion Swedish crowns from 10.93 billion crowns a year ago, but came in slightly above the 10 billion crowns forecast by analysts in a Refinitiv poll.
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