Epiroc sees high demand near term after in-line Q3 profit

Swedish mining gear maker Epiroc said it expects near-term demand will remain at a high level, after it posted third-quarter earnings matching market forecasts on Wednesday.

Operating profit in the quarter rose to 2.90 billion Swedish crowns ($265.9 million) from 2.35 billion crowns a year ago, in line with the 2.87 billion crowns expected by analysts in a Refinitiv poll.

($1 = 10.9069 Swedish crowns)

(By Marie Mannes and Greta Rosen Fondahn; Editing by Terje Solsvik)