Michelin misses quarterly sales estimates on weaker global demand
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 23 2024
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Source: Reuters
Sales Performance: Michelin reported a 1.2% decline in third-quarter sales on a constant currency basis, totaling 6.77 billion euros, which fell short of market expectations and last year's figures.
Market Expectations: The company's sales were below the forecasted 6.82 billion euros, indicating weaker demand in the tyre market.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
