Epiroc operating profit misses forecast

Epiroc Rig Control System (Credit: Epiroc)

Swedish mining gear maker Epiroc reported second-quarter operating earnings just below market expectations on Tuesday and forecast demand would remain at a stable high level in the near term.

Operating earnings at the firm rose to 2.18 billion Swedish crowns ($250.8 million) from 1.42 billion a year earlier, lagging the 2.25 billion average analyst forecast according to Refinitiv data.

($1 = 8.6907 Swedish crowns)

(By Helena Soderpalm; Editing by Niklas Pollard)


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