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Sandvik AB
SDVKY reported a 60% decline in its third-quarter profit.
Sandvik's quarterly earnings dropped to 626 million Swedish kronor ($96 million), or 0.53 krona per share, versus 1.58 billion kronor, or 1.33 krona per share, in the year-ago period. Its sales rose to 23.53 billion kronor from 20.24 billion kronor.
SDVKY shares dropped 6.22% to close at $13.71 yesterday.
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