0337 GMT - HD Construction Equipment is expected to post above-consensus 1Q earnings, Kiwoom Securities' Lee Han-gyeol says. Demand for excavators likely remained strong across nearly all major markets in Europe, Africa and North America, except for the Middle East, the analyst writes in a note. Lee expects the South Korean company's operating profit to jump 41% from a year earlier to 153.8 billion won for the January-March period, with its excavator shipments likely up 44% on year. Increased gold-mine activity in Africa and rising investment in data centers and other infrastructure in Europe and North America are expected to sustain demand for construction equipment in the coming quarters, he says. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
April 12, 2026 23:37 ET (03:37 GMT)
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