Truckmaker Volvo profit just misses view as chip shortage weighs

Reuters2021-07-20

STOCKHOLM, July 20 (Reuters) - Sweden's AB Volvo(VOLVb.ST)reported second-quarter core earnings slightly below market expectations on Tuesday as the truckmaker juggled strong demand for its vehicles ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

OO_898
2021-07-20
OO_898
Nice
Winnerwinner
2021-07-20
Winnerwinner
Oh cool
Moiii
2021-07-20
Moiii
Good read for the holidays
beebeeyan
2021-07-20
beebeeyan
ok
Sfun
2021-07-20
Sfun
nice
DandanC
2021-07-20
DandanC
Like and comment
- RainbowMouse:
  sure done

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1121370539?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-07-20 14:09","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1121370539","market":"us","top_or_hot":-1,"title":"Truckmaker Volvo profit just misses view as chip shortage weighs","media":"Reuters","content":"<div>\n<p>STOCKHOLM, July 20 (Reuters) - Sweden's AB Volvo(VOLVb.ST)reported second-quarter core earnings slightly below market expectations on Tuesday as the truckmaker juggled strong demand for its vehicles ...</p>\n\n<a href=\"https://www.reuters.com/business/autos-transportation/truckmaker-volvo-profit-just-misses-view-chip-shortage-weighs-2021-07-20/\">Source Link</a>\n\n</div>\n","source":"lsy1601381805984","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Truckmaker Volvo profit just misses view as chip shortage weighs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTruckmaker Volvo profit just misses view as chip shortage weighs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-20 14:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/business/autos-transportation/truckmaker-volvo-profit-just-misses-view-chip-shortage-weighs-2021-07-20/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>STOCKHOLM, July 20 (Reuters) - Sweden's AB Volvo(VOLVb.ST)reported second-quarter core earnings slightly below market expectations on Tuesday as the truckmaker juggled strong demand for its vehicles ...</p>\n\n<a href=\"https://www.reuters.com/business/autos-transportation/truckmaker-volvo-profit-just-misses-view-chip-shortage-weighs-2021-07-20/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"VLVLY","symbol_name":"Volvo AB","start_time":0,"source_url":"https://www.reuters.com/business/autos-transportation/truckmaker-volvo-profit-just-misses-view-chip-shortage-weighs-2021-07-20/","article_id":"1121370539","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1121370539","pubTimestamp":1626761386,"sourceInfo":{"source_id":"lsy1601381805984","name":"Reuters"},"weMediaInfo":null,"summary":"STOCKHOLM, July 20 (Reuters) - Sweden's AB Volvo(VOLVb.ST)reported second-quarter core earnings slig","collect":0,"end_time":0,"defaultTopTitle":"reuters.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"VLVLY":"Volvo AB"},"translate_title":"卡车制造商沃尔沃利润错失良机，芯片短缺加重","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VLVLY":0.9},"content_text":"STOCKHOLM, July 20 (Reuters) - Sweden's AB Volvo(VOLVb.ST)reported second-quarter core earnings slightly below market expectations on Tuesday as the truckmaker juggled strong demand for its vehicles with intense pressure on its supply chain from a global chip shortage.\nAdjusted operating profit at the maker of trucks, construction equipment, buses and engines rose to 9.73 billion Swedish crowns ($1.12 billion) from 3.27 billion a year ago, undershooting the 9.84 billion seen by analysts according to Refinitiv data.\nA global shortage of semiconductors just as the market roared back after last year's pandemic plunge has squeezed makers of heavy-duty trucks as well as smaller vehicles, crimping production, extending lead times and lifting costs.\nVolvo, a rival of Germany's Daimler(DAIGn.DE)and Traton(8TRA.DE), said it struggled with substantial production stoppages as a result in the second quarter.\n\"There will be further disruptions and stoppages in both truck production and other parts of the group in the second half of the year,\" Volvo Chief Executive Officer Martin Lundstedt said in a statement.\nMeanwhile, demand for heavy-duty trucks is strong with a surge in online shopping due to the pandemic driving freight volumes and rates, emboldening fleet operators to move ahead with vehicle orders put on hold after the virus first struck.\nVolvo said order bookings of its trucks, sold under brands such as Mack and Renault as well as its own name, soared 143% from a weak year-ago quarter and stood by forecasts for solid market growth in both Europe and North America this year.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":178996419,"gmtCreate":1626779096631,"gmtModify":1703765006820,"author":{"id":"3582969710070724","authorId":"3582969710070724","name":"OO_898","avatar":"https://static.tigerbbs.com/9fb3c360d5d7711641a868a144192fc7","vip":1,"crmLevel":4,"crmLevelSwitch":1},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/178996419","repostId":1121370539,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":171783953,"gmtCreate":1626764492872,"gmtModify":1703764760176,"author":{"id":"3584489889481608","authorId":"3584489889481608","name":"Winnerwinner","avatar":"https://static.tigerbbs.com/bcd31182d24ff70cf4984d0d1a1a0398","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Oh cool","listText":"Oh cool","text":"Oh cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/171783953","repostId":1121370539,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":171717753,"gmtCreate":1626764326572,"gmtModify":1703764753256,"author":{"id":"4089265076518760","authorId":"4089265076518760","name":"Moiii","avatar":"https://static.tigerbbs.com/613480a95826a2f17b864d65a0a70fd2","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Good read for the holidays","listText":"Good read for the holidays","text":"Good read for the holidays","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/171717753","repostId":1121370539,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":171735078,"gmtCreate":1626763251394,"gmtModify":1703764734467,"author":{"id":"3581331692871918","authorId":"3581331692871918","name":"beebeeyan","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/171735078","repostId":1121370539,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":171736306,"gmtCreate":1626763125605,"gmtModify":1703764731645,"author":{"id":"3579425512905776","authorId":"3579425512905776","name":"Sfun","avatar":"https://static.tigerbbs.com/677878018d08b9f3288b2153431bff4a","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"nice","listText":"nice","text":"nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/171736306","repostId":1121370539,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":171733045,"gmtCreate":1626762863387,"gmtModify":1703764728189,"author":{"id":"3581765192280157","authorId":"3581765192280157","name":"DandanC","avatar":"https://static.tigerbbs.com/e2a11bfd02ad81137e21e534e8a35232","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/171733045","repostId":1121370539,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5270610,"gmtCreate":1626765491037,"gmtModify":1663231204126,"authorId":3580115316362183,"author":{"id":3580115316362183,"authorId":3580115316362183,"name":"RainbowMouse","avatar":"https://static.tigerbbs.com/40f6eca7c9c245322562c67c707813d1","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":171733045,"type":1,"supId":0,"prevId":0,"content":"sure <u>done</u>","text":"sure <u>done</u>","html":"sure <u>done</u>"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":77,"commentSize":15,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1121370539"}