Atlas Copco Profit Matches Estimates as Demand to Decline
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Atlas Copco AB, the world’s largest maker of air compressors, reported quarterly profit in line with analysts’ estimates as global manufacturing slows.
Fourth-quarter net income rose to 3.37 billion kronor ($495 million) from 2.91 billion kronor a year earlier, the Stockholm-based company said in a statement. Profit was equal to the average estimate in a Bloomberg survey of 15 analysts. Sales rose 15 percent to 22.3 billion kronor.