Atlas Copco Profit Beats Estimates on U.S. Industrial Demand

Atlas Copco AB, the world’s largest maker of air compressors, reported profit that beat analysts’ estimates as North American industrial demand “remained healthy,” sending its shares up the most in almost four months.

Third-quarter net income fell to 3.48 billion kronor ($520 million) from 3.6 billion kronor a year earlier, the Stockholm-based company said today in a statement. That exceeded the average estimate of 3.42 billion kronor in a Bloomberg survey of 16 analysts.