VW 9-month profit halves, misses consensus

Newswire

FRANKFURT, Oct 29 (Reuters) - Europe's biggest carmaker, Volkswagen AG , said on Wednesday its operating profit fell 53 percent in the first nine months due to weak demand, a strong euro and the cost of revamping its Brazilian operations. VW's operating earnings fell to 1.73 billion euros ($2.03 billion) from 3.714 billion in the period a year ago, falling slightly short of analysts' expectations. The company said it expected operating profit in the full year to come in at just under ...

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