Sandvik Q2 Net Profit Falls 33%
July 19, 2013 at 04:28 AM EDT
Swedish group Sandvik AB (OTC: SDVKY ) posted a 33% drop in its second-quarter net profit. Sandvik's quarterly net profit fell to SEK1.86 billion, from SEK2.78 billion in the year-ago period. Its revenue dropped to SEK23.04 billion from SEK25.94 billion. However, analysts were expecting a profit of SEK1.77 billion on
