Continental cuts sales guidance, posts Q3 profit beat By Reuters
(Reuters) – German automotive and industrial supplier Continental on Monday (NASDAQ:) cut its sales guidance for the second time this year, blaming weak demand in Europe and North America, even as it posted third-quarter core profit above expectations. Continental now expects sales for 2024 to be between 39.5 and 42 billion euros ($42.9 and $45 billion), down from the 40 to 42.5 billion euro range it gave in August. That