Volvo AB's third-quarter earnings fell short of expectations as the truckmaker faced slowing demand for heavy-duty rigs in most markets. The company reported an operating profit of SEK 14.07 billion, below the estimated SEK 15.05 billion. Net sales also missed forecasts, coming in at SEK 117.0 billion compared to the estimated SEK 121.07 billion. Despite the lower earnings, Volvo sees the full-year European heavy-duty truck market reaching 300,000 units, up from a previous estimate of 290,000 units. The European production system is balanced with demand, and the company expects flat markets next year as customers remain cautious. Volvo's adjusted profit dropped more than anticipated, and its stock fell 3.5% to 4.0% in premarket trading.