The operating profit for the second quarter of this year of 3.47 billion euros compares with an average forecast among analysts of 4.07 billion euros, according to Bloomberg.
For the full year, VW expects revenue to be flat at best, with the lower end of the forecast reduced to minus 3 percent. This compares with a previous forecast of up to 3 percent revenue growth.
The quarter's revenue of 82.4 billion euros was slightly higher than the expected 81.7 billion.
VW CEO Oliver Blume has already launched a major savings package, with factory closures in Germany and tens of thousands of layoffs.
