European Stocks Drop, Led by Volvo, Randstad; Hermes International Falls

(Bloomberg) -- European stocks fell for a second day
after earnings and forecasts from Volvo AB, Randstad Holding NV
and Hermes International SCA triggered concern profit growth is
faltering.

Volvo, the world's second-largest truckmaker, dropped the most
in more than a year after reporting profit that missed analysts'
estimates. Randstad tumbled 16 percent after the world's third-
largest staffing company said it's ``cautious'' for the third
quarter. Hermes International SCA fell after saying annual profit
will stagnate.


Read more at Bloomberg Stocks News