The German tire company Continental AG swung to a third-quarter profit, though its revenue fell 11% compared to the same period last year. The turnaround suggests that the company's restructuring efforts may be starting to pay off, even as sales volume declined. Analysts had been watching closely to see whether the firm could stabilize its business amid ongoing challenges in the global automotive supply chain.
Source: Wall Street Journal US Business · Summarized by HeadlinesBriefing