Oslo-listed WW ASA is projected to report a bottom line of $59m for the quarter when it releases its results tomorrow, according the consensus expectations released by Arctic Securities, down from $79m a year ago.
Core operating profit is expected to fall from $106m to $76m year-on-year.
“Mining equipment sales remain weak according to Caterpillar and it was also reported that dealer inventories dropped by another $500m during the second quarter of 2014,” said Bjorn Kristian Roed of Danske Bank in a report today.
