Sandvik poised for worst day in six months after Q3 miss
Updates with analyst comment
** Shares in Sandvik SAND.ST fall nearly 4% after the Swedish metal cutting and mining equipment maker's Q3 results miss market expectations amida mixed demand picture
** Its adjusted EBIT for Q3 came to5.38 billion Swedish crowns ($511.05 million) missing a mean forecast of 5.68 billion crowns by analysts polled by LSEG
** Sandvik said order momentum was solid in the mining and software businesses, while weak macro trends hit its cutting tools unit
** J.P.Morgan says the results fell short of expectations across key metrics, adding that the earlier hoped for improvement in markets condition has clearly not come through
** "We continue to see 2025 numbers too high with some of the weakness in the demand backdrop yet to be fully reflected," JPM adds
** The stock, on track for its worst day since April, is among worst performers on STOXX 600 .STOXX index
($1 = 10.5274 Swedish crowns)
Reporting by Elviira Luoma
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