23 Oct 2025 | 5 Mins Read
Volvo shares surge 40% after strong Q3 profits
Flipitmoney
Shares of Sweden’s Volvo Cars soared as much as 41% on Thursday after the automaker reported a third-quarter operating income of 6.4 billion Swedish kronor ($680 million), surpassing market estimates. The company's operating margin rose to 7.4%, driven by cost-reduction efforts and one-off gains, with shares surging up to 41% on Thursday as a result.