Husqvarna Q4 operating loss worse than forecast
STOCKHOLM Feb 13 (Reuters) - Garden equipment maker Husqvarna posted a bigger fourth-quarter operating loss than expected on Wednesday and announced plans to invest 1 billion Swedish crowns ($157 million) in a new production facility in Sweden.
The operating loss at the world's biggest maker of chainsaws, trimmers, lawn mowers and garden tractors was 362 million Swedish crowns ($56.96 million) against a year-earlier 236 million loss and an average forecast in a Reuters poll for a 125 million loss.
"The near-term outlook for North America is positive, while the European markets are expected to remain challenging as the macroeconomic uncertainty remains," the company said in a statement. ($1 = 6.3555 Swedish crowns) (Reporting by Stockholm Newsroom)
- U.S. nurse quarantined over Ebola criticizes her treatment |
- Washington state teen shooter's family living in 'nightmare'
- Suspect in two California deputy deaths charged with murder, carjacking
- Iraqi security forces and Kurds gain ground against Islamic State
- Police seek motive in fatal Washington state school shooting