Michelin misses quarterly sales estimates on weaker global demand By Reuters

(Reuters) – Michelin (EPA:)’s third-quarter gross sales dropped by 1.2% on a relentless foreign money foundation, barely lacking market expectations resulting from weaker demand, the French tyre maker stated on Wednesday.

Group gross sales total through the interval got here in at 6.77 billion euros, down from 7.07 billion euros a yr earlier than and under the 6.82 billion forecast in a company-compiled consensus.