Stock watch:

VW net profit up 58 percent on accounting gain

Associated Press
VW net profit up 58 percent on accounting gain

FILE - In this March 12, 2012 file photo a company logo is pictured during the Volkswagen AG annual press conference in Wolfsburg, Germany. German automaker Volkswagen AG says Wednesday, Oct. 24, 2012, net profit rose 58 percent in the third quarter because of an accounting boost from its takeover of Porsche. The company's operating profits fell however. Volkswagen said it was sticking to its earnings forecast despite what it called "growing headwinds" in the business environment. Net profit rose to euro 11.38 billion (US dollar 14.80 billion) from euro 7.14 billion in the same quarter last year. Sales rose 27 percent to euro 48.84 billion. (AP Photo/Michael Sohn, File)

View Comments (0)