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Volkswagen Is Expected to Post Quarterly LossAnalysts say

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CashMoneyNY   Tuesday, 10/27/15 11:02:40 AM
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Volkswagen Is Expected to Post Quarterly LossAnalysts say impact of emissions scandal may push auto maker into red

ENLARGE

Matthias Müller, chief executive officer of Volkswagen, said recently the company has to go through a rough patch before its profit returns to levels enjoyed before the emissions cheating scandal. PHOTO: KRISZTIAN BOCSI/BLOOMBERG NEWS

By 

WILLIAM BOSTON and

 

MURAT SAHIN

Updated Oct. 27, 2015 4:16 a.m. ET

BERLIN—Amid Volkswagen AG’s crisis over cheating on emissions testing, analysts have slashed their earnings outlook for the auto maker and expect it to report a loss for the third quarter.

Volkswagen is set to present results for the three months ended in September on Wednesday. The company has taken a €6.5 billion ($7.2 billion) charge against third-quarter earnings to pay for a global recall of as many as 11 million vehicles.

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VW Earnings: What to Watch

That will push the company into the red, according to a consensus of analysts polled by The Wall Street Journal. Their average estimate calls for Volkswagen to swing to a third-quarter loss of €1.6 billion from a net profit of €2.9 billion last year.

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