AB Volvo said its second-quarter normalized net income came to 2.18 Swedish kronor per share, compared with the S&P Capital IQ consensus estimate of 1.69 kronor per share.
EPS climbed 76.0% year over year from 1.24 kronor.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 4.43 billion kronor, a gain of 76.1% from 2.52 billion kronor in the prior-year period.
The normalized profit margin increased to 4.6% from 3.5% in the year-earlier period.
Total revenue climbed 16.8% year over year to 84.78 billion kronor from 72.60 billion kronor, and total operating expenses increased 15.5% on an annual basis to 78.84 billion kronor from 68.28 billion kronor.
Reported net income increased 107.5% year over year to 5.14 billion kronor, or 2.53 kronor per share, from 2.48 billion kronor, or 1.22 kronor per share.
As of July 17, US$1 was equivalent to 8.63 Swedish kronor.
