Atlas Copco suffers 37% drop in profit; stock skids 7.5%

Article Abstract:

Atlas Copco AB announced that its pretax profits for the first quarter of 1999 dropped 37%. The company's quarterly profits fell to 557 million kronor ($66.5 million) as its sales volume also declined. The figures were worse than expected. Atlas Copco is a manufacturer of heavy machinery based in Sweden. The company claimed that a negative shift in its overall sales composition led to the drop in profits.

Comment:

Pretax profits for first quarter of 1999 drop 37%

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Ingersoll-Rand's slow sales push net income down 64%

Article Abstract:

Ingersoll-Rand Co. posted a drop of 64% in its net income for the 2001 second-quarter. The company, which suffered a sales slowdown, posted $62.9 million (72 million euros) in net income for the period.

United States, Refrigeration & Air Conditioning Eqp, Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing, Refrigeration and heating equipment, Cooling systems, Heating, ventilation, and air conditioning industry, HVAC industry, Ingersoll-Rand Company Ltd., IR, Refrigeration equipment

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Atlas Copco's pretax profit jumped 16% in 2nd quarter

Article Abstract:

Atlas Copco AB posted an increase of 16% in its pretax profits for the 2001 second-quarter. The company posted 1.69 billion Swedish kronor (183 million euros) in pretax profits for the period.

General Industrial Machinery, Machinery Manufacturing, Industrial equipment, Machinery

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